Caixanova Caixa Galicia and achieve a "light" approach on power sharing but there are discrepancies.
The negotiating teams were able Caixanova Caixa Galicia and a "light approach" of their positions on the distribution of power for fusion in both entities, during the meeting held today in offices of the Xunta, according to Europa Press reported sources of the box based in A Coruna, who explained that despite differences persist on several points.
Today's meeting, the sixth since the April 12 began formal talks between the two entities Galician to explore the possibility of fusion, ended with an approximation of the positions regarding the governance of the box only, but not enter into any agreement. In fact, the two teams will meet again tomorrow to try to agree on the areas in which the positions are divergent.
The meeting be crowded, as at present, three executives of Caixa Galicia, the front's deputy director, Javier Garcia de Paredes, and as many Caixanova-headed by the director general, Jose Luis Pego. Sources close to negotiations said the conflict was Caixanova hopes to have most in the bodies and extend the presidency of Julio Fernandez Gayoso.
According to these sources, the problem is still the same "for while the environment Caixanova argues that this institution is entrusted by the Bank of Spain to lead the process, Caixa Galicia maintains that the merger should be equal. Both boxes held tomorrow their boards, which must account for the status of discussions.
Likewise, the negotiating teams will return to lay to reach an agreement, since the Bank of Spain demanded, according to sources familiar with the process, have a proposal on Friday. In this sense, the president of the Xunta, Alberto Nunez Feijoo, trust today in closing a deal "in 48 hours" after being "endorsed" the solvency of the integration by the monetary institution.
Interests "bastards"
Moreover, the IGC consider today, "blocked" negotiations between Caixa Galicia and Caixanova and blame that the position which maintains the address box of the South "would be objectionable" under any circumstances, but in the current crisis situation, "boycott The fusion is even more serious. "
Those responsible for the formation Banking Association criticized in a statement that the origin of this "lock" to be "illegitimate interests by mere power sharing disputes," although "to the Bank of Spain had to recognize as viable" fusion . Also, blame the "opacity" of two directions and the Xunta during the day and complains that unions today are unaware of "the number of workplaces affected by the possible segregation and sales offices" or jobs that "to pay for itself."
Moreover, the IGC denounced that the wages of the high addresses of the box "is equivalent to 700 jobs" working with the top level of agreement for the staff. Finally, the Xunta claim "strongest terms" against the "greedy and insatiable directions" of both entities.