Bankia mulls privatisation method
Spain will probably begin the privatisation of bailed-out Bankia with the sale of a five to 10 per cent stake to institutional investors, the bank’s chairman Jose Ignacio Goirigolzarri said yesterday. The sale of the bank, in which the government holds a 68.4 per cent stake, will be carried out in phases over the next few years, Goirigolzarri told newspaper ABC.