The biggest bank in Spain, Banco Santander SA, sold its real estate arm to US-based private equity group Apollo Global Management in a deal valued at €664 million ($903 million).
Breaking News
Spain's Bankia had been in exclusive discussions with brokerage GVC to sell its own brokerage unit valued between EUR20 million and EUR40 million, said sources.
Spanish unemployment rate drops 0.9% for second quarter and signals beginning of recession recovery.
Banco de Madrid gained Bankia's stake at Inversis.
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