Spanish bank Bankia has sold its 12.09% shareholding in International Airlines Group (IAG) for €675 million ($881 million). A Bankia spokeswoman confirmed to ATW the bank completed the disposal of its 224,253,361 shares in IAG Thursday morning via “a private placement to qualified investors.” She said it does not know the identity of the buyer(s). “The amount received from the transaction [was] €675 million, resulting in a net gain of €167 million at ...

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