ECB's de Guindos says Spain within deadline to sell further stake in Bankia

ECB's de Guindos says Spain within deadline to sell further stake in Bankia
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  • Country:
  • Spain

European Central Bank Vice President Luis de Guindos said on Thursday that the Spanish government was still within its deadline to sell any further stakes in state-owned Bankia. Spain aims to sell its 61.4 percent stake after pumping 22.4 billion euros ($25.3 billion) into a rescue package for Bankia in 2012 at the height of the financial crisis. The state has until 2021 to offload the stake. ($1 = 0.8856 euros)

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