MADRID: Shares in property firm Realia surged as much as 19 percent on Friday after core shareholder, Spanish builder FCC, said late on Thursday it would not sell its 37 percent stake in the firm.

Realia is majority owned by FCC and bailed-out lender Bankia. It has been on the market for a year and is one of the few Spanish property groups to have survived the country's 2008 real estate crash.

Copyright Reuters, 2015