Bancaja Inversiones exits Enegas amid Spanish capital hunt

Deutsche Bank placed a 5% stake in Enegas for Bancaja Inversiones (BI) for Eu188m on Friday morning amid a flurry of industrial sell-downs from Spanish savings bank-related institutions. The sector is scrambling to meet government-imposed deadlines for raising private capital — which were softened by lawmakers on Friday — and bankers working in Spain expect many of the holdings to be sold before those deals are struck.