Generali compra un 9,9% de la matriz de Cajamar por 150 millones y entrará en el consejo

Generali has acquired a 9.9% minority stake in Banco de Crédito Social Cooperativo (BCC), the parent company of Grupo Cajamar, for approximately €150 million. Once the transaction is finalized, Generali will have a representative on the board of directors. As reported by Cajamar to the National Stock Exchange Commission (CNMV) on Friday, BCC entities still hold over 78% of the capital of Banco de Crédito Social Cooperativo.

This move, expected to be completed during the second half of 2027, strengthens Generali's position as the leading partner in Grupo Cajamar's insurance business, which they have been developing together since 2004. In the short term, the deal will bolster the cooperative's capital structure, raising its solvency ratio to 17.6%, in line with its credit cooperative objectives.

BCC-Group Cajamar's CEO, Manuel Yebra, stated that Generali's entry into the bank's capital is a natural progression following their strong relationship of over 22 years. He added that the inclusion of international shareholders, such as Generali, will support the company's growth and expansion in the coming years. BCC-Group Cajamar's advisors for the transaction were Alantra and Cuatrecasas, while Generali had Deloitte as their financial advisor and Garrigues as their legal advisor.