Bankia suspends shares, asks for 15 billion euro
May 25, 2012 17:16:09 GMT -5
Post by popcorn on May 25, 2012 17:16:09 GMT -5
Bankia suspends shares, asks for 15 billion euro 
Shares of Spain's fourth largest lender Bankia SA were suspended on the Madrid stock exchange on Friday as the bank is expected to ask for financial help from the Spanish Government totaling 15 billion euros.
The regulator said Bankia had requested the suspension "due to circumstances that may affect normal share trading". Bankia’s management team is also expected to present a restructuring plan on Friday in order to get support from the state.
rt.com/business/news/spain-bankia-shares-suspension-211/
Shares of Spain's fourth largest lender Bankia SA were suspended on the Madrid stock exchange on Friday as the bank is expected to ask for financial help from the Spanish Government totaling 15 billion euros.
The regulator said Bankia had requested the suspension "due to circumstances that may affect normal share trading". Bankia’s management team is also expected to present a restructuring plan on Friday in order to get support from the state.
rt.com/business/news/spain-bankia-shares-suspension-211/