StageAcquired | Acquired
About Banco Caixa Geral
Banco Caixa Geral is a Spanish bank that offers financial products and services for Individuals and Companies (SMEs, Micropymes, Businesses and Autonomous and Large Companies). Through the specialized area in Iberian and Multilateral Business, the company accompanies entrepreneurs in their expansion through the Iberian Peninsula and to other markets in Asia, Africa, America and Europe, for which the International Platform of the CGD Group is available.
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Latest Banco Caixa Geral News
Jan 19, 2023
January 19, 2023 The Government approved this Thursday, in the Council of Ministers, the “annulment of the process” for the sale of Banco Caixa Geral — Brasil in the Council of Ministers, after having relaunched the operation in May 2021. “The resolution was approved that determines the annulment of the sale process of the shares representing the share capital of Banco Caixa Geral – Brasil, SA held, directly and indirectly, by Caixa Geral de Depósitos, SA, and the sale of all or part of the capital of companies owned, directly or indirectly, by the company, including all or part of the respective assets”, says a statement released this Thursday by the Council of Ministers. In May 2021, the executive had approved the relaunch of the sale of the bank, after the first sale process failed. When presenting the results for the first quarter of 2021, Paulo Macedo, chairman of the Executive Committee of Caixa Geral de Depósitos, which owns the bank, explained that the sale operation had been canceled because CGD considered that the existing proposals did not defend the its interests and preferred not to sell than to do so “in non-positive circumstances”. In July last year, the administrator said he was waiting “for developments in the process in Brazil”. The sale of CGD’s bank in Brazil was part of the public bank’s restructuring plan, agreed with the European Commission, but its sale did not go through. *The article has been translated based on the content of Correio da Manhã by www.cmjornal.pt . If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much! *We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language. *We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards! Report Content
Banco Caixa Geral Frequently Asked Questions (FAQ)
Where is Banco Caixa Geral's headquarters?
Banco Caixa Geral's headquarters is located at RM de Pontevedra C/Policarpo Sanz, 5, Vigo.
What is Banco Caixa Geral's latest funding round?
Banco Caixa Geral's latest funding round is Acquired.
Who are the investors of Banco Caixa Geral?
Investors of Banco Caixa Geral include ABANCA and Caixa Geral de Depositos.
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