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Spanish Stocks - Factors To Watch On Friday

Source: Reuters - Fri 14th Jan 2011

The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

ABERTIS

The Spanish infrastructure company said it is selling a 6.68 % stake it holds in Italian counterpart Atlantia, over the next two days, but didn't provide detials of pricing.

CRITERIA

Saving's bank La Caixa's industrial holdings portfolio Criteria has agreed to sell 50 percent of its insurance portfolio to insurance brokers Mutua Madrilena for 1.08 billion euros, the bank said in a statement on Friday.

IBERIA

Spanish airline and British Airways merger partner said on Thursday December load factor fell 0.6 percentage points from a year earlier while traffic measured in passenger kilometres rose 3.7 % vs year earlier.

BANKS

Spain's government has decided to boost the capital of mainly unlisted regional savings banks and speed up their conversion into retail banks in order to give them more transparency and dispell doubts about their solvency, El Pais reported on Friday citing a member of Spain's CECA savings bank association.

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