‘Caixa File’: a legislature to steer the operation to exit the State
If the Popular Party wins the 29-N elections and can form a government, as polls insist, it will face an existential dilemma: financial interest versus principles
The Spanish Government must decide by December 2027 whether to remain a shareholder in CaixaBank or exit the bank. The state's stake in CaixaBank originated from the 2012 rescue of Bankia, which was absorbed by CaixaBank in 2021, with a total investment of over 24,000 million euros. The initial five-year plan to divest from the bank was extended several times, with the last extension set to expire at the end of 2027. The government has been waiting to recover as much of the invested money as possible.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
