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  • Economy

The state is expanding its presence in CaixaBank and almost tripling the value of its shares since the merger was announced.

  • George George
  • January 12, 2023
  • No Comments

20,000 million euros. Rounding up, this is the amount that the state must now withdraw from CaixaBank’s account 11 years after Bankia’s rescue. This figure seems difficult to achieve, but in 2022 the subject’s acceleration in the stock market increased in favor of the valuation of the shares still in the hands of FROB, the financial rescue fund. In addition, last year culminated in two innovations that impact the future of public participation in banking. First, the extension of the calendar provided for the exit of his share. Second, an increase in the stake in CaixaBank. With this, the participation of the state increased from 1,939 million before the announcement of the absorption of CaixaBank, to almost 5,400 million at current prices.

Source: El Diario

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