Bankia will have to sell its stakes in Iberdrola, Iberia, NH, Indra and SOS...

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It is one of the Government's conditions to inject the 4.5 billion Bankia will have to be dismantled at forced marches. The entity chaired by José Ignacio Goirigolzarri will have to meet a series of conditions in exchange for the injection of 4.5 billion. The Government's demands essentially involve the immediate sale of its industrial holdings within this year. But there are more requirements.  As El Confidencial Digital has learned from financial sources, the Government's mandate is clear, and will only allow Bankia to maintain its 14.9% in Mapfre . The rest of its investees linked to the industrial sector must be sold on the market this year, after the urgent injection of 4,500 million through the FROB has led the Executive to force the entity to urgently accelerate the disinvestment process.

Therefore, in the coming months, Bankia will have to divest its stake in Iberdrola (5.4%), IAG (the merger of Iberia and British Airways), where it owns 12.1%, NH Hoteles (15%), SOS (18%) and Indra (20%). The entity had already begun a few months ago to carry out some disposals outside the country, which it considered non- strategic . But now Bankia has been forced to continue down that same path in Spain, after the Government has demanded a strict and immediate  Middle East Mobile Number List   divestment plan in exchange for the injection of public money . Control leakage of deposits According to the sources consulted, another of the conditions that Bankia must meet in the short term, in exchange for the 4.5 billion from the FROB , is to stop, in collaboration with the Bank of Spain , the alarming flight of customer deposits.



And Brussels is following this matter especially closely - before giving in part of the 100,000 million from the bank bailout to recapitalize the entity - which is why the Government wants Bankia to have this problem under control as soon as possible. Bankia lost 4,448 million euros in the first half, with a multi-million dollar flight of deposits, close to 7,000 million. This fact set off all the alarms and was one of the causes that triggered urgent aid from the Government to the entity. Drastic reduction of offices and employees exp-player-logo The first national wheelchair soccer league starts today in Cantabria The injection of public money to the entity chaired by José Ignacio Goirigolzarri is also going to have a hard impact on the workforce , since it will have to undertake a new tough personnel adjustment and close a significant number of offices to receive the 4.5 billion . And in this case there is not only Bankia.