Bankia to refund 1.8 billion euros in shares to its investors

Madrid (dpa) – Bankia, Spain’s fourth-largest lender, is fully reimbursing investors who bought shares before its public offering in 2011, the bank announced Wednesday. In doing so, the bank, which was nationalized four years ago, is hoping to avoid a string of court cases. Spain’s supreme court ruled in January that investors had the right to…