Block bankers renew Bankia bids

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Block bankers renew Bankia bids

The €19bn restructuring of Bankia, announced over the weekend, could help speed up the unwinding process of cross-shareholdings in Spain. Bankia marked its listed equity holdings to market which might make it a more enthusiastic seller — though for some, block sales are a sideshow compared to potential capital raises across the Spanish financial system.

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