Madrid, 23 sep (EFE).- Mutua Madrileña has become one of the shareholders of reference of CaixaBank reach is 2.13 % of the share capital of the financial entity, which represents an investment of around € 280 million.
The insurer stands in the second place in the shareholding of the entity after holding company CriteriaCaixa, after going yesterday to the accelerated placement that took place Shares.
According to a press release sent today, Mutua Madrileña has considered the operation “a long-term investment and an attractive investment opportunity”, the time that has valued the high dividend yield offered by the entity, at around 6 %, and that would contribute to the results account of the insurer with more than 16 million euros a year.
Mutua Madrilena has acted as an “investor” anchor of the placement, has also explained that face with their own funds this operation.
For the President of Mutua Madrileña, Ignacio Garralda, the operation of CaixaBank is “an attractive investment opportunity in precisely a few moments in which the fixed income, the traditional focus of the financial investment of the insurance sector, presents returns next to 0 %.”
Mutua Madrilena has remembered that the total value of its assets at the end of the first half stood at the 6.946 million euros, a figure 2.7 % higher than at the end of June 2015, and that direct investment in CaixaBank happens to represent, therefore, about 4% of the total of such assets.
Mutua Madrileña and CaixaBank to maintain a “successful” partnership in bancassurance, and an “excellent” relationship started in the summer of 2011 with the purchase, on the part of the insurer, 50% of that Company Adeslas and its integration into their business group Mutual, which was the largest corporate operation of the insurance sector carried out in Spain.
finally, Mutua Madrileña has ensured that at the time of making this operation also added that CaixaBank “is the leading financial group in the Spanish market”.
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