July 25, 2012 / 8:50 AM / 5 years ago

Iberdrola reiterates may buy back Bankia's stake

MADRID, July 25 (Reuters) - Spanish power firm Iberdrola’s executive chairman reiterated on Wednesday that the company is considering buying back the shares held by state-rescued lender Bankia.

“As we’ve said before, it’s an option, but we haven’t taken a decision yet,” Ignacio Galan said during a conference call on first-half results.

Bankia controls 5.3 percent of Iberdrola. (Reporting By Tracy Rucinski,; Editing by Jesus Aguado)

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