Inactive Instrument

Bankia SA BME

Equities

ES0113307021

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2021	Mapfre Sells 51% Bankia Vida Stake to JV Partner Caixabank in $648 Million Deal	MT
2021	CaixaBank S A : Capital Buffer to Rise Following Bankia Merger	MT

Bankia : BFA-Bankia obtains net gain of 266 million euros from sale of 4.94% of Iberdrola

April 10, 2014 at 07:53 am EDT

MarketScreener.com By The editorial team

Banco Financiero y de Ahorros (BFA), Bankia's parent company, has completed the sale of its stake in Iberdrola, which has generated a net capital gain of 266 million euros.

The BFA-Bankia Group received 1,527 million euros from the sale of 314,887,559 shares that it owned in Iberdrola, representing 4.94% of the share capital.

Yesterday BFA-Bankia instructed Citigroup Global Markets Limited, UBS Finance and BEKA Finance to sell its shareholding via an accelerated sale procedure.

The sale of its Iberdrola holding will enable the BFA-Bankia Group to continue developing its Strategic Plan 2012-2015, which includes the divestment of its portfolio of holdings, among other objectives

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Latest news about Bankia SA

Mapfre Sells 51% Bankia Vida Stake to JV Partner Caixabank in $648 Million Deal	21-12-29	MT
CaixaBank S A : Capital Buffer to Rise Following Bankia Merger	21-07-29	MT
CaixaBank S A : sells Bankia businesses to Global Payments for 277 million euros	21-07-09	RE
CaixaBank S A : To Sell Two Former Bankia Units For $328 Million	21-07-09	MT
Caixabank to cut 6,450 jobs in Spain's biggest banking staff overhaul	21-07-01	RE
CaixaBank S A : offers to limit job losses to 6,750 as staff strike	21-06-29	RE
CaixaBank S A : Strike Pushes Spain's CaixaBank to Reduce Planned Layoffs by Over 1,300	21-06-22	MT
CaixaBank S A : to reduce planned job cuts by 1,300 following strike	21-06-22	RE
Stoxx Europe 600 : European Shares End Largely Higher Ahead of US Fed Meeting	21-06-16	MT
Banco de Sabadell S A : Spanish Anti-Competition Watchdog Launches Probe Against Big Banks	21-06-16	MT
Spain's Competition Watchdog Investigates Four Banks Over State-Backed Covid-19 Loans -- Update	21-06-16	DJ
Spain's Competition Watchdog Investigates Four Banks Over State-Backed Covid-19 Loans	21-06-16	DJ
CaixaBank S A : Spain's BBVA to cut 2,935 jobs, close 480 branches	21-06-08	RE
Stoxx Europe 600 : European Stocks End Mixed Amid Higher Services PMIs, UK Travel List Update	21-06-03	MT
Credit Agricole S A : Crédit Agricole Takes on Spanish Market With SoYou Buy	21-06-03	MT
Credit Agricole S A : Crédit Agricole Takes Over Full Ownership of Consumer Credit Subsidiary SoYou in Spain	21-06-03	MT
Crédit Agricole Consumer Finance S.A. completed the acquisition of remaining 49% stake in SOYOU from Bankia, S.A..	21-06-02	CI
Caixabank staff protest Spanish layoffs as executives' pay divides shareholders	21-05-14	RE
CaixaBank S A : staff protest Spanish layoffs as executives' pay divides shareholders	21-05-14	RE
CaixaBank S A : Employees Protest Against Job Cuts As Shareholders Meet To Vote On Executives' Pay	21-05-14	MT
BBVA Looks to Cut Roughly 3,800 Jobs	21-04-22	DJ
Stoxx Europe 600 : European Stocks End Lower As Euro, Pound Sterling Rally Against US Dollar	21-04-20	MT
CaixaBank S A : Aims To Cut 8,291 Jobs Following $5.18 Billion Bankia Merger	21-04-20	MT
Market Chatter: CaixaBank To Ax 7,000 Jobs Following $5.1 Billion Bankia Merger	21-04-14	MT
Bankia, S.A.(BME:BKIA) dropped from FTSE All-World Index	21-03-30	CI

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Company Profile

Bankia, S.A. is a banking group organized around three areas of activity: - retail banking (63.5% of Net Interest Income): sales of standard and specialized banking products (consumer credit, insurance, etc.); - business banking (19.7%); - other (16.8%). At the end of 2019, the group was managing EUR 124.8 billion in current deposits and EUR 117.4 billion in current loans. Products and services are marketed via a network of 2,275 branches located in Spain.

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