Bankia, a nationalized lender at the center of Spain’s banking crisis, has sold its 4.9% stake in power company Iberdrola for $2.12 billion, a key step in a series of planned divestments.
Bankia Sells Iberdrola Stake
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Bankia, a nationalized lender at the center of Spain’s banking crisis, has sold its 4.9% stake in power company Iberdrola for $2.12 billion, a key step in a series of planned divestments.