Shareholders in Spain’s Caixabank Approve Bankia Merger

Barcelona, Dec 3 (AFP/APP): Caixabank shareholders on Thursday approved a planned merger with smaller rival Bankia which will create Spain’s biggest domestic bank once the deal is approved by regulators. The move comes two days after shareholders in Bankia, Spain’s fourth-largest bank, approved the proposed tie-up with Caixabank, its third-largest lender.

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