February 22, 2017 / 5:40 PM / 6 months ago

BRIEF-Bankia to propose contrasplit with 4:1 ratio

Feb 22 (Reuters) - Bankia SA:

* To propose a contrasplit with a 4:1 ratio

* To propose capital reduction of 6.33 billion euros ($6.7 billion) to increase voluntary reserves

* To propose to lower nominal value of shares by 0.55 euro per share to 0.25 euro Source text for Eikon: Further company coverage: ($1 = 0.9473 euros) (Gdynia Newsroom)

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