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Bankia, Mapfre: Iberian Equity Market Preview for July 20

July 20 (Bloomberg) -- 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 climbed 1 percent to 9,443.80 in Madrid. Portugal’s PSI-20 Index 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 SM) 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.

Link to Company News:{BKIA SM <Equity> CN <GO> } Link to Company News:{MAP SM <Equity> CN <GO> }

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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