Seven companies have so far expressed an interest in bidding for the CajaSur bank which will be auctioned off as a complete unit rather than being broken down into smaller units.
Merger agreed
The general assemblies of the Cajasol and Caja Guadalajara have agreed upon a merger, the first interregional banking merger in Spain.
CajaSur opens as normal
The 474 branches of the CajaSur bank have opened as normal today after the Bank of Spain intervention at the weekend.
Bank of Spain takes over CajaSur
The Bank of Spain has taken control of the CajaSur bank after the failure of merger negotiations with Unicaja, the move being made to ensure that CajaSur can continue to operate normally and fulfill all its obligations to third parties.
Unicaja and Cajasur make tentative agreement
Top management at Unicaja and Cajasur have made a tentative agreement on merger terms in order to prevent intervention by the Bank of Spain.
CajaSur and Unicaja agree merger terms
The Andalucian savings banks CajaSur and Unicaja have agreed merger terms which will also include Caja Jaén. The move will make the new entity the six largest savings bank in Spain in terms of volume of activity.