Greece's Piraeus Bank to sell new shares at 1.70 euros apiece
ATHENS May 29 (Reuters) - Greece's second-biggest lender Piraeus Bank said on Wednesday it would sell 4.96 billion new shares at a price of 1.70 euros ($2.19) apiece, as part of its recapitalisation plan.
The price is calculated after a 1-for-10 reverse stock split. Piraeus shares closed at 0.25 euros in Athens trading. ($1 = 0.7779 euros) (Reporting by Harry Papachristou)
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Radar showed missing plane may have turned back: Malaysia military
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Malaysian plane presumed crashed; questions over false IDs |
- Merkel raps Putin as Russian forces tighten grip on Crimea |