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Report: Spanish government to postpone sale of shares in Bankia

Spain intends to defer the sale of its remaining 61% stake in Bankia SA until 2021-end, as opposed to the initially targeted timeline of 2019-end, Reuters reported Dec. 21, citing sources familiar with the operation.

The action will receive approval during an upcoming weekly cabinet meeting, the sources added.

It was reported in November that the Spanish government was waiting for Bankia's low share prices to improve before selling its remaining shares in the lender.