Unicaja and Caja de Jaén expected to approve merger

The respective boards of directors of Unicaja and Caja de Jaén are expected to meet today and approve the proposed merger agreement between the two entities.

The merger is a private venture with no external funding involved and the new company will have a turnover of around €50 million and a capital ratio above 14%.

At least for the time being, it is expected that individual trademarks will be maintained.

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