Bankia says it could sell Spanish company stakes
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Bankia says it could sell Spanish company stakes

www.reuters.com   | 26.05.2012.

MADRID (Reuters) - Spain's Bankia said on Saturday that it could sell its stakes in Spanish companies in future, a day after it asked the state for a 19 billion euro ($23.77 billion) bailout, the biggest ever bank rescue in the country.
Bankia says it could sell Spanish company stakes

Bankia and its parent group BFA have holdings in big Spanish companies, including in International Airlines Group and Iberdrola

"The BFA group and Bankia have a strong group of holdings (...) and the reason (for provivisioning against it) is that in future (...) we will logically look to start a sale process," said chairman Jose Ignacio Goirigolzarri. ($1 = 0.7992 euros)

(Reporting by Sarah White and Andres Gonzalez)


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