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Merger Bankia-CaixaBank

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The shareholders of Bankia and CaixaBank have approved the integration of the two banks, a key step in the merger process. The merged bank, however, must still be cleared by the authorities before they carry through the legal merger, which will happen over the course of the first quarter of 2021. Until that time, Bankia customers and shareholders will see no change in their day-to-day affairs.

IF YOU ARE A CUSTOMER, HOW DOES THE BANKIA-caixabank MERGER PROCESS AFFECT YOU?

Merger Bankia CaixaBank customers

In the coming months, the most important thing is that there will be no changes for Bankia customers. You can continue visiting your branch office and ATM and continue doing your banking operations online and on the app. Nor will there be any changes in the conditions of your products.

IF YOU ARE A SHAREHOLDER, HOW DOES THE BANKIA-caixabank MERGER PROCESS AFFECT YOU?

Merger Bankia CaixaBank shareholders

At the end of the first quarter of 2021, Bankia shareholders will become shareholders of the new merged entity via an automatic share swap. Until then, the most important thing is that there will be no change and Bankia shareholders will be able to continue trading normally with their shares, without any restrictions.

TIMETABLE OF MERGER PROCESS

Calendar merger Bankia CaixaBank

Calendar merger Bankia CaixaBank

RELATED INFORMATION

Merger Bankia-CaixaBank

CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank

The Boards of Directors of both entities have approved the operation, to be executed as a merger by absorption of Bankia by CaixaBank, which must be approved at the General Shareholders’ Meetings.

2020 Extraordinary General Meeting of Shareholders

Bankia shareholders approve merger with CaixaBank

The resolution approves a swap of 0.6845 new ordinary shares of CaixaBank for each Bankia share and includes a 20% premium over the exchange ratio per the September 3rd close.

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