Spain’s Bankia Eyes Stake Sales After Record Bailout


Reuters
CNBC.com
May 26, 2012

Spain’s Bankia on Saturday prepared to sell stakes it holds in companies as part of its clean-up after a state rescue of the real estate-laden bank that has so far cost 23.5 billion euros ($29.40 billion).

Losses at Spanish banks, which are rising in an economic downturn with 24.4 percent unemployment, are at the heart of worries that Spain could have to seek international aid and take the euro zone debt crisis into a dangerous new stage.

Losses at Spanish banks, which are rising in an economic downturn with 24.4 percent unemployment, are at the heart of worries that Spain could have to seek international aid and take the euro zone debt crisis into a dangerous new stage.

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