CaixaBank, the new retail bank by La Caixa, will start trading in the Stock Exchange on July 1st
CNA / Gaspar Pericay Coll
The transformation of the savings bank La Caixa’s industrial holding, Criteria into the private bank CaixaBank is reaching the final stage. Criteria’s stockholder board approved duplicating the current stocks by issuing 300,000 convertible bonds. The new bank expects increasing its market share in Spain by 50% through business activity increase and new acquisitions in the period 2011-2014. The announcement is made the day after billionaire Carlos Slim bought 900,000 CaixaBank stocks.
May 13, 2011 01:48 AM