24 Jun, 2016 @ 15:02
1 min read

Spanish electricity company Iberdrola files lawsuit against state-owned Bankia

bankia e

ELECTRICITY firm Iberdrola has filed a lawsuit against state-owned Bankia over losses it suffered when the bank collapsed.

In total Iberdrola is seeking €12.4 million in compensation for losses on its €70 million investment.

The Spanish state still owns 64% of Bankia, which will be fully privatised by the end of 2017.

So far, Bankia has paid out €1.2 billion to retail investors and expects €400 million more in claims.

Nude painting e
Previous Story

Collection of previously banned Spanish nude paintings showcased in USA museum

image  e
Next Story

‘The worst day in Britain’s history’: Expats react to shock Brexit result

Latest from Business & Finance

Go toTop

More From The Olive Press

Work starting soon to dismantle Spain's oldest nuclear reactor in Burgos province

Work starts soon to dismantle Spain’s oldest nuclear reactor in Burgos province

DECOMMISSIONING of Spain’s oldest nuclear reactor will start ‘very soon’
Spain's airport operator steps up solar power push as part of new electricity supply deal

Spain’s airport operator steps up solar power push as part of new electricity supply deal

SPAIN’S airport operator Aena has signed new electricity supply contracts