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Financials

Spain's Caixabank, Bankia approve merger deal, sources say

MADRID, Sept 17 (Reuters) - The boards of Spanish lenders Bankia and Caixabank on Thursday approved the terms of a proposed merger that will create Spain’s biggest domestic bank with around 600 billion euros ($710 billion) in assets, sources familiar with the matter said.

Caixabank and Bankia declined to comment. ($1 = 0.8450 euros) (Reporting by Jesús Aguado; editing by Sonya Dowsett)

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