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Spain has no plan to sell Caixabank stake, minister tells Expansion -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: CaixaBank’s logo can be seen above the headquarters of CaixaBank in Barcelona, Spain on September 17, 2020. REUTERS/Albert Gea

MADRID (Reuters), Economy Minister Nadia Calvino told Expansion that Spain’s government has no plans to sell Caixabank.

Calvino stated that there is no intention or plan to sell the stake of the state. He spoke in an interview published Monday by the Spanish newspaper. “It is an extremely well managed lender,” she said.

According to Refinitiv data, after the merger of Caixabank with its smaller competitor Bankia Bankia, 16.12% was retained by government in Caixabank.

Officials had stated repeatedly that the government wanted to sell Bankia’s stake before the takeover.

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