Tuesday, June 23, 2015

La Caixa placed 2.28% of CaixaBank investor … – EntornoInteligente

La Caixa placed CaixaBank 2.28% of institutional investors / Expansion / Criteria, the holding company of the Bank La Caixa Foundation, will come off the 2,28% stake in CaixaBank through accelerated placement.

In a relevant fact to the CNMV, Criteria announced that it has appointed Morgan Stanley sales equivalent to 2.28% of the capital of CaixaBank shares through an accelerated placement among qualified institutions and investors.

The price of the transaction will depend on demand and, as the holding company for subsidiaries of La Caixa, will be announced tomorrow once the sale is completed.

Criteria explains that 2 28% of capital than is apparent now comes the signing of the various equity release increases agreed by the board of CaixaBank 2014 which were undertaken in June, September and December last year and March 2015.

At the end of 2014, La Caixa owned 58.96% of CaixaBank.

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