Ibercaja, Liberbank to announce merger

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The Spanish savings banks Ibercaja, Liberbank and Caja 3 are expected to announce their merger today (May 29), according to unnamed official sources at Liberbank.

Ibercaja is currently in the process of merging with Caja 3.

The boards of Ibercaja and Liberbank will today be asked to approve the merger.

The three-way merger will create a savings bank with assets of €120bn.

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