December 29, 2012

Bankia will lose its Ibex-35 listing on Monday

Troubled Bankia will be taken off the Ibex-35 listings on January 2 because of “special circumstances” regarding the bailout it will receive from the state’s Orderly Bank Restructuring Fund (FROB), the bourse technical committee said in a statement late Thursday.

Bankia and its parent company, Banco Financiero y de Ahorros (BFA), stand to get 10.7 billion euros to help in the recapitalization of the troubled lender. Read more.

El País

Related,
Bankia shares tumble due to 10.4-billion-euro hole - El País
Brussels approves 1.865 billion in funding for four Spanish banks - El País

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