Senior Correspondent, Spain
Julien's Feed
Feb 27, 2015

Bankia to find out flotation compensation cost on Friday – source

MADRID, Feb 27 (Reuters) – Spain’s Bankia will
find out on Friday how much it will have to pay of a maximum 780
million euros ($874 million) in compensation costs for investors
who bought into its share listing, a source familiar with the
matter said.

The lender, once a symbol of Spain’s financial crisis, is
hoping to remove any uncertainty over the final bill it will
have to shoulder ahead of its results presentation on Saturday,
the source also said.

Feb 26, 2015

Bankia to publish results despite uncertainty over compensation payment

MADRID, Feb 26 (Reuters) – State-controlled lender Bankia
is to publish its annual results on Saturday, even
though the Spanish authorities have yet to decide how much the
bank should pay to compensate investors in its stock market
listing in 2011.

Hundreds of thousands of small investors, who bought shares
in the sale, lost money when Bankia had to ask for a 22.5
billion euro ($25.25 billion) rescue a year after the initial
public offering.

Feb 26, 2015

Repsol cuts exploration Capex despite profit boost

MADRID, Feb 26 (Reuters) – Spanish oil group Repsol
said its 2014 adjusted clean net profit jumped 27 percent thanks
to refining margins that more than offset the fall in revenue in
its production business due to plummeting world oil prices.

Unlike other European competitors which are cutting back on
spending and investments in the face of lower energy prices,
Repsol last year announced the acquisition of Talisman Energy
to grow its exploration and production arm.

Feb 13, 2015

Spain’s Bankia, ex-managers told to deposit 800 mln euros with court

MADRID, Feb 13 (Reuters) – Spain’s High Court on Friday gave
state-rescued Bankia and several former executives a
month to deposit 800 million euros ($911 million) against
potential liabilities related to the bank’s public listing.

The court order is the latest step in a case that has come
back in recent months to haunt the government-controlled lender,
once the symbol of Spain’s financial crisis, even as it returns
to profit following a costly bailout.

Feb 5, 2015
Feb 5, 2015
Feb 5, 2015

EU deal with Greece can be reached – Spain economy minister

MADRID (Reuters) – Greece will be able to reach agreement with its European partners and any turmoil poses little risk for Spain where the government is poised to raise its growth forecasts, Spanish Economy Minister Luis de Guindos said.

De Guindos, who has long been tipped to lead the Eurogroup of euro zone finance ministers, said it was not yet clear what Greece’s new anti-austerity government was proposing as an alternative to deal with its foreign debt.

Feb 5, 2015
Feb 2, 2015
Feb 2, 2015
    • About Julien

      "Julien is based in Madrid where he covers Spain's economy and politics. He previously worked in Brussels where he reported for four years on Europe's debt crisis, financial regulation and foreign affairs. He also dealt with a wide range of EU issues and policy, from trade and competition to energy, climate change, agriculture as well as Nato and Belgium. He joined Reuters in Paris in 2006."
      Joined Reuters:
    • More from Julien

    • Contact Julien

    • Follow Julien