© Criteria CaixaCorp, S.A., 2007.
Legal note about Criteria CaixaCorp
Corporate information
In the mid-1980s, "la Caixa" was seeking new opportunities to make the most of its resources and to diversify its source of revenue. The company implemented this strategy against a backdrop of rationalisation and resizing of the financial sector, progressive internationalisation of the economy and falling interest rates.
Both with this aim and a wish to be involved in the development of companies that provide basic services to society, "la Caixa" embarked on its plan to invest in large service companies and infrastructures that were leaders in their sectors, thus becoming an important shareholder in Repsol, Gas Natural, Aigües de Barcelona, Telefónica, Abertis, and other companies.
In order to meet the demands of families, companies and institutions for finance and service, "la Caixa" complemented its business with a specialised service focused on credit establishments, insurance companies and investment fund management companies.
In July 2000, "la Caixa" transferred virtually all its company holdings to Criteria CaixaCorp (previously called CaixaHolding, S.A.U.), which provides the perfect formula for managing its already impressive portfolio of subsidiaries and holdings by following its own unique strategy.
In November 2006, the Board of Directors of "la Caixa" looked into the possibility of floating its portfolio of holdings through the company Criteria CaixaCorp, in which "la Caixa" would maintain a controlling share. This operation was intended to obtain market backing for the management of the portfolio and to make the company an ideal platform for the international expansion of the business.
On June 7 2007, The Ordinary General Meeting of “la Caixa” finally approved the flotation of Criteria CaixaCorp.