Spain's BBVA says it is comfortable with its 49.9% stake in Garanti
MADRID (Reuters) - Spain's BBVA is comfortable with its current 49.9% stake in its Turkish unit Garanti, a spokesman said on Friday.
Spanish newspaper El Economista said on Friday that the CEO of BBVA, Onur Genc, was in favour of using part of the $11.6 billion proceeds from the sale of its U.S. business to increase its stake in Garanti.
(Reporting by Jesús Aguado; Editing by Ingrid Melander)