date:Apr 07, 2013
or.
Other shareholders in Madrid-based Deoleo are expected to sell their stakes too, Luque said, and Hojiblanca would wait to see how things progress before purchasing Bankia's stake.
Another rescued bank subject to restructuring plans, unlisted lender BMN, has a stake in Deoleo.
Hojiblanca, based in the southern Spanish region of Andalusia, owns 10 percent of Deoleo after Spain's competition body approved the acquisition, subject to Hojiblanca giving up its brand name and a factory in Malaga