Market expects Bankia to become part of blue-chip index IBEX 35 - report.

(ADPnews) - Jun 27, 2011 - Spanish bank Bankia is seen to become part of the blue-chip index IBEX 35 shortly after its shares start trading.

The market expects the bank to go public in July. Its floating has become one of the most important issues on the Spanish bank market as it is estimated to measure the investors' confidence in the bank sector and the economy of Spain.

Bankia has several strong sides which may attract investors' interest. The bank, resulted from the merger of seven savings banks, had to close branches and cut staff. Those measures, however, …