Business · Companies · 4 hrs ago
Alvarez & Marsal Is Sole Bidder to Advise Spain on CaixaBank Stake Sale
Spain’s Frob, the state body that holds an 18.1% stake in CaixaBank, is preparing to sell the shares it inherited from the nationalised Bankia.
Alvarez & Marsal was the only firm to bid for a contract to advise Frob on the sale.
Its work would include identifying good times to sell and recommending how to do so.
The contract could run for three years, with a maximum budget of 751,000 euros, and would replace the current adviser when its contract ends.
The award is not yet final: officials still need to assess the firm’s financial offer.
Spain is legally required to complete the privatisation by the end of 2027, though the government can extend that deadline; the sale matters because it would return the state’s remaining CaixaBank shares to private ownership.
Alvarez & Marsal is the only firm to bid for a contract to advise Spain’s Frob on the planned sale of its CaixaBank shares.
The Frob holds about 18% of CaixaBank, a stake inherited from the former Bankia.
Alvarez & Marsal scored 32 out of 50 in the technical assessment, and the contract is expected to be awarded after its financial offer is reviewed.
The adviser will identify suitable market windows and recommend a strategy for selling the shares.
The legal deadline for fully privatizing CaixaBank is the end of 2027, though the government can extend it.
- Who
- Alvarez & Marsal is the sole bidder. The contract is being tendered by Spain’s Frob.
- What
- The Frob is selecting a financial adviser for the planned sale of its CaixaBank stake.
- When
- The article was published on November 1, 2026. The contract award is expected in the coming weeks.
- Where
- Spain.
- Why
- The adviser will identify suitable market windows and the best strategy for selling the shares.
This story does not have two clearly opposing sides.
The Frob put the financial-adviser contract out to tender.
The announcement of Bankia’s absorption preceded a 515% rise in CaixaBank’s share price, according to the article.
Expansión reported that Alvarez & Marsal was the only firm to bid and had scored 32 out of 50 in the technical assessment.
The Frob’s contracting committee is due to assess the firm’s financial offer before awarding the contract.
The legal deadline for fully privatizing CaixaBank is due to expire, unless the government extends it.
- Bidder
- Alvarez & Marsal
- Stake held by Frob
- About 18% of CaixaBank
- Technical assessment
- 32 out of 50
- Maximum contract budget
- €751,000 for three years
- Privatization deadline
- End of 2027