CaixaBank announces the sale of CaixaBank's entire shareholding in Boursorama to Société Générale and the signing of the sale of CaixaBank's whole stake in Self Trade Bank to Boursorama

CaixaBank announces the sale to Société Générale Group of the entire stake of CaixaBank in Boursorama, representing 20.5% of the share capital and of the voting rights for a purchase price of €218.5 million. The price paid by Société Générale will be the same than the one offered to minority shareholders during last year's simplified takeover offer and squeeze out procedure (€12 per share).

This transaction ends the alliance between Société Générale and CaixaBank which began in 2006 after the sale of CaixaBank France to Boursorama by CaixaBank. Therefore, the shareholders agreement signed in May 2006 and renegotiated in March 2014 by both institutions also terminates.

CaixaBank also announces the signing of the sale to Boursorama of the whole stake of CaixaBank in Self Trade Bank, their common Joint Venture in Spain, representing 49% of the share capital. The agreed consideration is €33 million. This transaction will also terminate the joint venture and the shareholders agreements signed in July 2008 by Boursorama and CaixaBank. Its closing will take place once the necessary administrative authorizations are obtained.

Both transactions will raise a consolidated capital gain after taxes of around €38 million and will have a positive fully loaded CET1 impact of around 20 basis points for CaixaBank. Those announcements are part of the recently announced Strategic Plan 2015-2018, one of whose pillars is actively managing capital, reducing the capital consumption of the equity portfolio.

CaixaBank

CaixaBank is Spain's leading bank by market share and among the 10 largest banks in the Eurozone by market capitalisation. CaixaBank's activities span Spanish retail banking and insurance, an international banking portfolio and industrial and real estate assets. Its origins can be traced back over 100 years. It is majority owned by Criteria CaixaHolding which in turn is fully owned by the "la Caixa" Banking Foundation.

CaixaBank, with Isidro Fainé as Chairman and Gonzalo Gortázar as CEO, has the largest client base in Spain (14 million clients by March 2015); €293 billion in client funds, and €212 billion in client loans. It has the largest footprint in Spain with 5,438branches and the widest network of ATMs at 9,683.

Core to CaixaBank's success has been its focus on omni-channel banking. In addition to its strong foothold, CaixaBank leads in online banking, where it has 4.5 million active customers, and mobile banking with 2.5 million active customers, accounting for 22% of all mobile banking transactions.

There are four key aspects which differentiate CaixaBank and serve to reinforce its leadership position in Spain: 1) its undisputed leadership in the retail banking market; 2) its strong capital and liquidity position; 3) its continued ability to act as a disruptor through innovations in technology; and lastly 4) its ability to continue to act as an engine for change with social values.