Eurobank to issue new shares after reverse split
ATHENS, April 30
ATHENS, April 30 (Reuters) - Greece's fourth-biggest lender Eurobank will issue new shares under its recapitalisation plan at a price of 1.541 euros after being adjusted for a 10-for-1 reverse split, chief financial officer Paula Hadjisotiriou said on Tuesday.
The shares will be taken up by the country's bank rescue fund after the lender failed to secure enough support from private investors under its 5.84 billion euro recapitalisation plan to avoid state control.
(Reporting by George Georgiopoulos)
- Exclusive: Secret contract tied NSA and security industry pioneer |
- U.S. aircraft hit by gunfire in South Sudan as conflict worsens
- With Fed out of the way, what's next on Wall Street?
- Analysis: Lost Brazil order raises threat to Boeing fighter jets
- Four men arrested in deadly N.J. shopping mall carjacking