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9 months ago
BRIEF-Falling market values make Spain's Bankia divestment harder - FROB
October 19, 2016 / 8:51 AM / 9 months ago

BRIEF-Falling market values make Spain's Bankia divestment harder - FROB

1 Min Read

Oct 19 (Reuters) - Head of Spain's banking restructuring fund (FROB) Jaime Ponce:

* Says that falling market values amongst banks make any divestment in nationalized lender Bankia difficult

* Says that is why the fund is looking at a possible merger between Bankia and Banco Mare Nostrum (BMN)

* Says has initiated proceedings to hire advisors to work on merger Source text for Eikon: Further company coverage: (Reporting by Madrid Newsroom)

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