Less than a year after Bankia's IPO raised 3.1 billion euros, of which 60% belonged to retail investors and 40% to institutional shareholders.
Spain's top court, which in previous rulings acknowledged that Bankia's initial public offering contained "serious inaccuracies as to the true financial condition of the issuing entity".
The negotiations between controlling shareholders in the two lenders are at very advanced stage on picking Valencia as the HQ though the agreeement has not been closed yet.
Details about what premium Caixabank would pay to buy out Bankia were also being discussed.