Societe Generale announced to raise 4.8bn euros to pay back the loans she got from the French state and is also planning to buy a 20% stake in Crédit du Nord from the Belgian bank Dexia. Since the end of last year, the French bank received 3.4bn euros of state aid to survive the financial crisis and now she wants to pay it back. The capital increase is with a 27% discount,the existing shareholders will receive an extra two shares for each nine shares they already own. SocGen is the second French bank, after rival BNP Paribas, which transit a capital increase to get rid off the state loans.
Wouter Swaanen
1 opmerking:
Societe Generale has announced its plans to raise 4.8bn euros to pay back the loans she you do not refer to a bank as 'she' --> use it or they got from the French state and is also planning to buy a 20% stake in Crédit du Nord from the Belgian bank Dexia. Since the end of last year, the French bank has received 3.4bn euros of state aid to survive the financial crisis and now she same remark wants to pay it back. The capital increase is with a 27% discount what do you mean? ,the existing shareholders will receive an extra two shares for each nine shares they already own. SocGen is the second French bank, after rival BNP Paribas, which transit conjugate your verb a capital increase to get rid off the state loans.
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