Independent expert on the common merger project between Caixabank, S.A. and Bankia, S.A.

BDO Valuations team has acted as independent expert for the common merger project between Caixabank, S.A. and Bankia, S.A.

CaixaBank, S.A. is a leading financial group in retail banking in Spain, and one of the most important in Portugal.

Bankia, S.A., formerly known as Altae Banco, S.A. and changed its name to Bankia, S.A. in 2011. Founded in 2010 and headquartered in Valencia (Spain) provides various banking and financial products and services in Spain and internationally.

The transaction strengthens Caixabank's leading position in retail banking and marks the birth of the largest bank in Spain in terms of assets.