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Spain To Buy 20.1% Stake In Indra Sistemas SA From Bankia SA-DJ


Friday, 2 Aug 2013 04:07pm EDT 

Dow Jones reported that Bankia SA said it has agreed to sell its 20.1% stake in Indra Sistemas SA (Indra) to Spain's government. Bankia said that SEPI, a state-owned consortium, will pay EUR 337 million for the stake. That implies Bankia SA will book a EUR 43 million capital gain on the deal. Bankia SA will sell the stake at EUR 10.19 per share, a 2.5% discount from the closing price on August 2, 2013. The sale of the stake in Indra comes after a EUR 41 billion-plus European Union bailout for Spanish lenders signed in 2012. As part of the deal, Bankia SA committed to sell its stakes in other companies and other non-core assets. 

Company Quote

1.499
-0.0020 -0.13%
28 Aug 2014