Inactive Instrument

Bankia SA BME

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ES0113307021

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2021	Mapfre Sells 51% Bankia Vida Stake to JV Partner Caixabank in $648 Million Deal	MT
2021	CaixaBank S A : Capital Buffer to Rise Following Bankia Merger	MT

Bankia SA : Bankia signs deal to sell its stock market subsidiary, generating 28.4 million euros of core capital

January 07, 2014 at 05:35 pm IST

MarketScreener.com By

Bankia Inversiones Financieras secures proceeds of approximately 38.4 million euros
Under the deal, 62 people leave the Bankia Group without losing their jobs

Bankia has completed the sale of 100% of its Bankia Bolsa subsidiary to the brokerage firm General de Valores y Cambios, S.A. The deal was announced on 9 October and the sale has been completed in less than three months.

The sale brings approximately 38.4 million euros of revenue for Bankia Inversiones Financieras and generates 28.4 million euros of core capital for the Bankia Group.

Bankia has entered into a collaboration agreement with the brokerage firm, under which the workforce of Bankia Bolsa, consisting of 62 people, will remain in the company's employment for five years after the sale. This allows Bankia to meet its goal of reducing its workforce as planned while preserving as many jobs as possible.

With the sale of its stock market subsidiary, Bankia moves a step closer towards reaching the milestones of the Strategic Plan 2012-2015

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Latest news about Bankia SA

Mapfre Sells 51% Bankia Vida Stake to JV Partner Caixabank in $648 Million Deal	30/21/30	MT
CaixaBank S A : Capital Buffer to Rise Following Bankia Merger	29/21/29	MT
CaixaBank S A : sells Bankia businesses to Global Payments for 277 million euros	09/21/09	RE
CaixaBank S A : To Sell Two Former Bankia Units For $328 Million	09/21/09	MT
Caixabank to cut 6,450 jobs in Spain's biggest banking staff overhaul	02/21/02	RE
CaixaBank S A : offers to limit job losses to 6,750 as staff strike	29/21/29	RE
CaixaBank S A : Strike Pushes Spain's CaixaBank to Reduce Planned Layoffs by Over 1,300	22/21/22	MT
CaixaBank S A : to reduce planned job cuts by 1,300 following strike	22/21/22	RE
Stoxx Europe 600 : European Shares End Largely Higher Ahead of US Fed Meeting	16/21/16	MT
Banco de Sabadell S A : Spanish Anti-Competition Watchdog Launches Probe Against Big Banks	16/21/16	MT
Spain's Competition Watchdog Investigates Four Banks Over State-Backed Covid-19 Loans -- Update	16/21/16	DJ
Spain's Competition Watchdog Investigates Four Banks Over State-Backed Covid-19 Loans	16/21/16	DJ
CaixaBank S A : Spain's BBVA to cut 2,935 jobs, close 480 branches	09/21/09	RE
Stoxx Europe 600 : European Stocks End Mixed Amid Higher Services PMIs, UK Travel List Update	03/21/03	MT
Credit Agricole S A : Crédit Agricole Takes on Spanish Market With SoYou Buy	03/21/03	MT
Credit Agricole S A : Crédit Agricole Takes Over Full Ownership of Consumer Credit Subsidiary SoYou in Spain	03/21/03	MT
Crédit Agricole Consumer Finance S.A. completed the acquisition of remaining 49% stake in SOYOU from Bankia, S.A..	03/21/03	CI
Caixabank staff protest Spanish layoffs as executives' pay divides shareholders	14/21/14	RE
CaixaBank S A : staff protest Spanish layoffs as executives' pay divides shareholders	14/21/14	RE
CaixaBank S A : Employees Protest Against Job Cuts As Shareholders Meet To Vote On Executives' Pay	14/21/14	MT
BBVA Looks to Cut Roughly 3,800 Jobs	22/21/22	DJ
Stoxx Europe 600 : European Stocks End Lower As Euro, Pound Sterling Rally Against US Dollar	20/21/20	MT
CaixaBank S A : Aims To Cut 8,291 Jobs Following $5.18 Billion Bankia Merger	20/21/20	MT
Market Chatter: CaixaBank To Ax 7,000 Jobs Following $5.1 Billion Bankia Merger	14/21/14	MT
Bankia, S.A.(BME:BKIA) dropped from FTSE All-World Index	30/21/30	CI

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Company Profile

Bankia, S.A. is a banking group organized around three areas of activity: - retail banking (63.5% of Net Interest Income): sales of standard and specialized banking products (consumer credit, insurance, etc.); - business banking (19.7%); - other (16.8%). At the end of 2019, the group was managing EUR 124.8 billion in current deposits and EUR 117.4 billion in current loans. Products and services are marketed via a network of 2,275 branches located in Spain.

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