Spain sells 7.5% stake in Bank, the fourth largest banking institution of the country, which took a stake of 68% after the bank recapitalization in 2012.
government in Madrid was forced to seek help from other countries in the euro zoana to obtain the funds necessary consolidation of the banking sector in timnpul financial crisis strongly affected by the collapse of the real estate sector, according to Bloomberg, quoted by Mediafax . UBS, Deutsche Bank and Morgan Stanley sold its stake in Banco Financiero y Ahorros name, parent group of Bankia taken over entirely by the Spanish government through the fund to support troubled banks, according to a document sent by UBS Madrid Stock Exchange. burseiere quotation from the close of Thursday, 1.58 euros per title, the stake of 7.5 % would be worth 1.36 billion euros.
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