Bankia Plans To Postpone Listing

Bankia is planning to delay its planned initial public offering.

Bankia is planning to delay its planned initial public offering (IPO), Financial Times reports. The Spanish lender was originally planning to list in mid July this year.

The Madrid-based bank is seeking to postpone the listing due to the second restructuring of Greece. Bankia was established out of the merger of seven cajas led by Caja Madrid.

Click here for the story from Financial Times.