Spain has no plan to sell Caixabank stake, minister tells Expansion

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“We have, on the horizon, no plan nor any intention to divest the state’s stake,” Calvino said in an interview with the Spanish newspaper published on Monday. “It is a very well managed lender,” she added.

Following a merger between Caixabank and smaller rival Bankia, the government was left with a 16.12% stake in Caixabank, Refinitiv data showed.

Prior to the takeover, officials had repeatedly said the government intended to sell its stake in Bankia.