IAG International Consolidated Airlines Group S.a.

301.90

-2.20 (-0.72%)

31 Dec 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
International Consolidated Airlines Group S.a.	LSE:IAG	London	Ordinary Share	ES0177542018	ORD EUR0.10 (CDI)

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-2.20	-0.72%	301.90	302.20	302.50	304.40	300.30	301.60	3,666,870	12:35:15

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Air Transport, Scheduled	29.45B	2.66B	-	N/A	15.12B

Spain's Bankia Seeking to Sell 12% Stake in IAG

26/06/2013 7:50pm

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MADRID--Spanish lender Bankia SA (BKIA.MC) said late Wednesday it has hired an adviser to help sell its 12.09% stake in International Consolidated Airlines Group (ICAGY, IAG.MC, IAG.LN), part of a wider plan to pay back taxpayer money that went to bail out the loss-making bank last year.

In a press release, Bankia said it has hired Bank of America Merrill Lynch, as well as its in-house broker Bankia Bolsa, to carry out the sale of the stake.

IAG has a market value of EUR5.76 billion ($7.55 billion), giving the stake a current valuation of EUR696.4 million.

Bankia is the largest of Spain's problem banks. Its huge losses forced Spain to seek a EUR41 billion rescue loan from the European Union last year, which the country used to clean up Bankia and other troubled lenders.

Write to Christopher Bjork at christopher.bjork@dowjones.com

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