Financial services firm GVC Gaesco has announced a capital increase in its subsidiary Beka Finance — formerly known as Bankia Bolsa — to bring Gala Capital on board as a new strategic partner with a 30% stake. The transaction is pending approval from Spain’s National Securities Market Commission (CNMV), though GVC Gaesco has clarified that this is not a divestment or a sale of its own stake in Beka Finance.
Following the deal, GVC Gaesco will remain the majority shareholder with a 45% stake, while Beka’s management team will retain the remaining 25%. The partnership aims to strengthen the firm’s position in Madrid, expanding its commercial and investment banking capabilities in the capital.
GVC Gaesco’s relationship with Beka Finance began in December 2013 when the Catalan firm acquired the former Bankia Bolsa and renamed it Beka Finance. In August of the previous year, GVC Gaesco merged its institutional and retail equity departments, research, operations, and systems into its securities firm, which was then renamed GVC Gaesco Beka, while Beka Finance continued focusing on investment banking.
In October, GVC Gaesco moved its corporate headquarters from Barcelona to Madrid, citing increased business activity in the Spanish capital as the main reason. While the move sparked speculation about possible political motivations, the firm firmly denied any connection to Catalan independence, emphasizing that the decision was purely business-driven.
Maria Àngels Vallbé, chairwoman of GVC Gaesco, reaffirmed the group’s commitment to wealth management and brokerage services, highlighting its dedication to transparency, integrity, and efficiency, always aligned with the goals and risk profiles of its clients.
The group maintains a presence in several Spanish cities — including Madrid, Barcelona, Valencia, and Seville — and operates in major European markets such as Paris, Amsterdam, Lisbon, and Frankfurt.
