Spain's Bankia near to sale of brokerage unit: source
MADRID (Reuters) - Spain's state rescued lender Bankia (BKIA.MC) is in exclusive talks with the brokerage GVC to sell its own broker affiliate as part of its efforts to shore up capital, a source involved in the deal said on Wednesday.
The sale, which the source said could be closed next week, is worth between 20 million and 40 million euros ($26.7 million-$53.4 million), according to media reports.
A Bankia spokesman declined to comment.
The lender received 18 billion euros in European aid after it was brought down by its massive exposure to a collapsed real estate market and is under pressure to sell assets and clean up its books.
($1 = 0.7491 euros)
(Reporting By Carlos Ruano; Writing by Paul Day; Editing by Tracy Rucinski, Fiona Ortiz and Louise Heavens)
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