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Erste rights issue seen at 30 euros/share -traders

Mon Nov 16, 2009 11:38am EST

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VIENNA, Nov 16 (Reuters) - Erste Group Bank (ERST.VI) is expected to price its rights issue at 30 euros per share, two traders and two fund managers said, citing market talk about the group's rights issue which will close later on Monday.

"We are hearing that Erste will close the deal at 30 euros," one fund manager told Reuters on condition of anonymity. The traders and the other fund managers cited the same talk.

Erste declined to comment on the pricing. The bank said the issue would be priced "at market" when it launched the deal.

Erste shares traded down 5 percent at 29.01 euros shortly before close in Vienna. (Reporting by Boris Groendahl; Editing by Dan Lalor)



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