The Government extends the divestment period in Bankia by two years

Government spokesperson María Jesus Montero has communicated the decision at the press conference after the Council of Ministers

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The Council of Ministers has extended the deadline for the third time divest your stake in Bankia. This time, in two years (that is, until December 2023). The idea is to maximize the recovery of the public aid it injected.

The Government Spokesperson María Jesus Montero has communicated the decision in the press conference after the Council. According to Europa Press, it has indicated that the objective is to favor the more efficient use of public resources “by finding the right moment so that those resources that were invested for this entity can be maximized”.

“This extension of the term will allow the FROB to execute the divestment strategy with greater flexibility and taking advantage of the conditions that may be more favorable,” added Montero.

Before this new extension, the deadline for leaving the Government was December of this year. Currently the FROB has a 61.8% stake in Bankia.

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