CaixaBank (CAIXY) and Bankia (BNKXF) $19.5bn merger information including expected completion date, offer price and contact details are displayed in the acquisition details table below. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread.
This deal was successfully consummated on March 26, 2021
Bankia (OTCPK: BNKXF) & CaixaBank (OTCPK: CAIXY) Merger
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Traders and shareholders can review similar merger details on current takeover stocks by first selecting “DEALS” from the main menu above, then “Current Cash Deals” or “Current Stock Deals“. For previous acquisitions, select either “Closed Deals” or “Failed Deals“. See our Spread Tracker News for mergers and acquisitions updates on the existing T20 Index portfolio constituents. Additionally, check out our customized M&A PR Newswire or Business Wire press release news feeds exclusively for Merger Arbitrage Limited.
Bankia (OTCPK: BNKXF) & CaixaBank (OTCPK: CAIXY) Merger - Acquisition News and Events
The major acquisition news updates & events of Bankia (BNKXF) by CaixaBank (CAIXY) are listed below. A comprehensive data source for
- Traders looking to familiarize themselves with the CaixaBank (CAIXY) merger with Bankia (BNKXF) and trade the merger arbitrage spread
- Existing shareholders and investors wishing to stay abreast of the latest deal developments
Following the acquisition news section, there are in-depth company profiles.
CaixaBank Company Profile
CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services in Spain and internationally. The company operates through Banking and Insurance, and Non-Core Real Estate Activity segments. The Banking and Insurance segment engages in the banking business that include retail banking, corporate and institutional, and cash management, and market service activities; insurance business; and asset management business.
The Non-Core Real Estate segment provides financing for non-core real estate assets, such as non-core developer lending, foreclosed real estate assets available for sale and rental, and other real estate assets and holdings. As of December 31, 2018, the company served its customers through 5,110 branches comprising 4,608 in Spain and 502 internationally; and approximately 9,425 ATMs in Spain and 1,369 ATMs in Portugal. CaixaBank, S.A. was founded in 1904 and is based in Valencia, Spain.
Bankia Company Profile
Bankia, S.A., together with its subsidiaries, provides various banking and financial products and services in Spain and internationally. The company operates through Retail Banking, Business Banking, and Corporate Center segments. It provides retail banking products, such as salary direct deposits, consumer loans, mortgages, term deposits, credit cards, insurance, investment and pension funds, and other asset management services.
The company also offers business banking, private banking, corporate banking, and capital markets services. As of December 31, 2019, it operated through a network of 2,275 offices. The company also operates a network of 5,361 ATMs. It primarily serves individuals, self-employed professionals, high net-worth customers, and companies, as well as micro, small, and medium-sized enterprises. The company was formerly known as Altae Banco, S.A. and changed its name to Bankia, S.A. in 2011. Bankia, S.A. was founded in 2010 and is headquartered in Madrid, Spain. Bankia, S.A. is a subsidiary of BFA Tenedora de Acciones, S.A.U.
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