La Caixa could list new bank entity in Q2
The Spanish press has reported that Spain’s largest savings bank La Caixa plans to establish a new bank that will list on the stock exchange. The report said that La Caixa was in negotiations with the Bank of Spain and the Catalonia regional government over the process, which is expected to occur during the second quarter.
likely outcome is that existing listed industrial holding unit Criteria
Caixacorp is converted into a bank. The move is being prompted by Basel III,
which could impose high capital requirements on La Caixa given its current
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