+32 25 14 37 77

Members' Portal



image
Gateway to
Responsible Investing

AEMEC and BETTER FINANCE convince Bank of Spain and European Central Bank to take a deeper look at transfer of shares between Caixa Bank and Bank of East Asia

Date: 5th October 2016
Author:

The World Federation of Investors (WFI), the Spanish Association of Minority Shareholders of Listed Companies (AEMEC, one of BETTER FINANCE’s members) and BETTER FINANCE have stated that the swap transaction that took place between CaixaBank and its controlling shareholder, Criteria, lacks transparency and adequate information to the detriment of minority shareholders of CaixaBank.

Indeed small shareholders of the Bank did not have access to the information concerning the transfer of shares representing 17.24% of the Caixa stake in the Bank of East Asia, and 9.01% of the capital of Grupo Financiero Inbursa.

Please read the full article here.

Share
Tweet
Share
0 Shares