Cajas to get nod to sell up to 50% of equity

Spain’s troubled savings and loans banks will be able to sell up to 50% of their equity to private investors under a package of sweeping reforms launched in July 2010 aimed at bolstering the institutions that have been the focus of recent investor worries over the financial health of the country.

ESO: Background information: Crisis adds impetus to Spain’s reform push http://www.europeansources.info/record/crisis-adds-impetus-to-spains-reform-push/

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