DOW JONES NEWSWIRES 
 

Spain has decided to delay the sale of troubled savings bank Caja de Ahorros del Mediterraneo (CAM.MC) until after the country's Nov. 20 general elections, reports Cinco Dias in its Thursday Internet edition, citing sector sources.

Spain's Fund for Orderly Bank Restructuring, or FROB, which is controlled by Spain's Central Bank, took over the management of CAM in July and was planning to auction it off by the end of October.

Among the reasons behind the decision, the paper cites the anticipated government change, the request by the main bidders--Banco Santander SA (STD), Banco Bilbao Vizcaya Argentaria SA (BBVA), Banco de Sabadell (SAB.MC) and CaixaBank (CABK.MC)--for more time to study the operation and the potential buyers' request for a larger line of credit.

Newspaper website: www.cincodias.com

-Dow Jones Newswires; enza.tedesco@dowjones.com

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