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Banco de Sabadell SA Announces EUR 1.3 Billion-EUR 1.4 Billion Capital Increase-DJ


Monday, 9 Sep 2013 01:17pm EDT 

Dow Jones reported that Banco de Sabadell SA (Sabadell) will raise between EUR 1.3 billion and EUR 1.4 billion by selling new shares to foreign investors and in the open market. Sabadell said in a regulatory filing undisclosed foreign investors will pay up to EUR 650 million for newly-issued shares. In a second stage, the Company will issue another batch of shares that it will put up for sale among existing shareholders. The first phase, in which the shares will be sold at EUR 1.64 each will be completed via an accelerated bookbuilding for which the Company gave no deadline. The second phase, with a selling price of EUR 1.1 per share, will be conducted between September 16, 2013 and September 27, 2013. 

Company Quote

2.267
0.01 +0.44%
17 Apr 2014