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The merger is not yet forged, but politics is beginning to intermingle.

The headquarters of the future largest bank in Spain is a candy that everyone wants to welcome, even those who do not feel comfortable in Spain.

The Generalitat of Catalonia has wasted no time in expressing its wish.

Earlier this Friday the new Minister of Business and Knowledge of the Generalitat,

Ramón Tremosa,

interviewed on Catalunya Radio has assured about the negotiations for the merger of Bankia and CaixaBank, that he would like "CaixaBank to return to Barcelona".

He has also been critical of the fact that the future entity can maintain its headquarters in Valencia, and has expressed doubts that the president of the new bank will be that of Bankia and that the State maintains "an important blocking minority" in the shareholders.

In short, he does not see with good eyes that after the merger, CaixaBank may lose an iota of





are already outside Barcelona.

Specifically, the board of directors of the Catalan entity approved its official transfer to Valencia in the heat of the legal uncertainty that the


initiated by the Generalitat generated in October 2017 and before the imminence of a unilateral declaration of independence.

Sabadell also left the community those difficult days.

Neither entity is contemplating returning.

However, CaixaBank maintains its corporate headquarters in Barcelona and has held its shareholders' meetings in Valencia since 2017, where it also presents quarterly results presentations.

Neighbor of Bankia

The CaixaBank headquarters in Valencia, the historic headquarters of the Banco de Valencia on Calle Pintor Sorolla, is neighboring, almost touching, the Bankia headquarters.

Its headquarters were located there in 2010, when the entity was created, the result of the merger of the Valencian Bancaja and Caja Madrid, among others.

In the merger plans, although they are still officially in the initial phase of

due diligence

, the intention is for it to stay there.

This is how the president of the Valencian Generalitat, Ximo Puig, would also like to consider this Friday that "it would be a very positive milestone for the Valencian Community" if the entity resulting from the merger between Caixabank and Bankia kept its headquarters in Valencia, although has underlined its "absolute respect for the decisions made by these two private entities."

"In recent days, Puig has maintained contacts with both entities before the possibility of a merger of the two banks," reported the Valencian Executive, according to Efe.

The Valencian Government understands that "the logical and reasonable thing would be for the headquarters of the resulting entity to be in the city of Valencia", where both banks are currently based.

According to the criteria of The Trust Project

Know more

  • Valencia

  • Barcelona

  • Ximo Puig

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