BANKIA SA Inscrita en el Registro Mercantil de Valencia, Tomo 9.341, Libro 6.623, Folio 104, Hoja: V-17.274. CIF: A-14010342
Pursuant to article 82 of Law 24/1988 of 28 July on the Securities Market, and as a continuation of Material Disclosure Nº. 225363 of 1 July 2015, Bankia, S.A. hereby reports that today, Bankia and Fomento de Construcciones y Contratas, S.A. (FCC) have signed an agreement with the funds USS, OPTrust and PGGM to sell them 100% of their shares in Globalvia Infraestructuras, S. A., the company that is equally and jointly owned by Bankia and FCC.
The sale is the result of the exercising of the preferential purchase right embedded in the €750 million convertible bond held by these funds.
A series of suspensive conditions have been put in place to execute the agreement, which include obtaining the obligatory authorisations from the public administrations that have granted the concessions held by Globalvia Infraestructuras, S.A.
The sale price is structured into an initial payment of €166 million, to be paid when the shares are transferred, plus a deferred payment to be made in the first six months of 2017, up to a maximum of
€254 million, depending on the valuation of the company at the time that the bond is converted.
The market will be kept informed regarding completion of the suspensive conditions and execution of the transaction.
The above is notified as a material disclosure for all pertinent purposes.
Madrid, 23 October 2015
BANKIA, S.A.
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