--Santander, Caixabank and Bankia have decided to sue the Spanish state for the 1.35 billion euros owed ($1.7 billion) for the suspension of the Castor underwater gas deposit, says Spanish newspaper El Pais, citing legal sources.

--The three banks have offered to reach an agreement with the government that allows for a flexible refund, in order to avoid a serious impact on the state's accounts or on gas consumers, reports El Pais.

Full story in Spanish: goo.gl/bDHv3M

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

April 06, 2018 12:16 ET (16:16 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Banco Santander (NYSE:STD)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Banco Santander Charts.
Banco Santander (NYSE:STD)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Banco Santander Charts.