Spain's Bankia sells Indra stake to state holding company SEPI

MADRID Fri Aug 2, 2013 4:21pm EDT

Related Topics

MADRID Aug 2 (Reuters) - Spanish nationalised bank BFA-Bankia said on Friday it sold a 20.1 percent stake in technology company Indra to state holding company SEPI for 337 million euros ($447.6 million).

The sale netted BFA-Bankia, under pressure to sell assets since a European bail-out last year, 43 million euros in capital gains, the bank said.

Bankia sold the stake at a price of 10.20 euros per share, a 2.5 percent discount to its closing price on Friday. SEPI is now the biggest shareholder in Indra.

BFA-Bankia still holds stakes in energy company Iberdrola and insurance company Mapfre. ($1 = 0.7528 euros) (Reporting By Carlos Ruano; Writing by Sonya Dowsett; Editing by Sonya Hepinstall)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article