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Trading suspension on Spain's Bankia to be lifted shortly
February 14, 2013 / 10:12 AM / 5 years ago

Trading suspension on Spain's Bankia to be lifted shortly

MADRID, Feb 14 (Reuters) - Spain’s securities regulator said on Thursday that a suspension on trading in Bankia shares would be lifted at 1030 GMT.

Trading in the stock was suspended just before 0800 GMT, after a newspaper report said that the nationalised lender’s shares would be valued at 0.01 euros each in a recapitalisation.

Spain’s bank restructuring fund FROB, which controls Bankia, dismissed the report, saying it had not yet decided on a valuation. (Reporting by Sarah White, Editing by Clare Kane)

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