DealBook – Bankia Privatization Starts With Sale Of Government Sliver – 28 February 2014

DealBook

By RAPHAEL MINDER

MADRID — The Spanish government announced on Friday that it sold a 7.5 percent stake in Bankia, its first step toward returning the bank to private ownership and recovering part of the bailout money that Bankia received after triggering Spain’s banking crisis two years ago.

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