Bankia, Mapfre: Iberian Equity Market Preview for July 20

The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index (IBEX) climbed 1 percent to 9,443.80 in Madrid. Portugal’s PSI-20 Index (PSI20) rose 1.6 percent to 6,664.80.

Spanish stocks:

Bankia SA (BKIA SM) starts trading in Madrid after raising more than 3 billion euros ($4.2 billion) in an initial public offering pricing shares at 3.75 euros each.

Mapfre SA (MAP) said it has signed an agreement with Euler Hermes SA to create a credit-insurance joint venture to operate in Spain, Portugal and Latin America. The joint venture will have premiums of 200 million euros, based on 2010 figures, the Spanish company said in a regulatory filing in Madrid. The shares rose 1.7 percent to 2.40 euros.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.

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