MADRID May 20 Spanish lender Liberbank said on Tuesday it was planning an accelerated share placement to bring in investors before proceeding with a further capital raising, which it is carrying out to pay back state aid.
The bank, among lenders which took part of a 41.3-billion-euro ($56.66 billion) European rescue when it was hurt by a property crash, said it was in talks with various investors interested in taking a sizeable chunk of its capital, but had not reached any deal yet.
It said its main shareholders - a group of saving banks - could reduce their stake to just under 50 percent through the share placement, from around 66 percent now. Liberbank has hired Deutsche Bank to also work on a 500-million-euro rights issue. ($1 = 0.7289 Euros) (Reporting by Sarah White, Editing by Julien Toyer)