Bankia exit opens Indra door for Liberbank

Bankia, the Spanish bank, had been tipped to sell a €337m, 20.1% shareholding in defence technology firm Indra Sistemas through an accelerated sale this summer but on Friday evening it said that government holding company SEPI had instead bought the stake. That sent Indra shares up 8.5% on Monday — and opened the door for smaller banking peer, Liberbank, to launch a sale of its 5% holding. Société Générale is managing the 8m share deal.