The bank Société Générale launches a raise capital of € 4.8 billion by releasing listed shares. Shareholders are able to buy 2 new shares in trade for 9 shares they own. The price of the shares are 31% percent less than the sharevalue ate the bell on Monday. Dependent on the yield of the raise capital, the bank will repay the French state for its € 3.4 billion giving to the bank during the economic crisis.
Florine Vanbesien
source: De Standaard
Abonneren op:
Reacties posten (Atom)
2 opmerkingen:
start title with a capital letter and leave out 'the'
a raise capital?
are able --> can
in trade for --> in return for
the price IS
ate?
dependent?
giving?
Too many mistakes!
(GJ)
Raise capital to compensate state support.
The bank Société Générale launches a raise capital of €4.8 billion by releasing listed shares.
Shareholders can buy 2 new shares in return for 9 shares they own. The price of the shares is 31 percent less than the sharevalue at the bell on Monday. Whether the bank will repay the French state for its 3.4 billion or not is dependent on the yield of the raise capital.
Een reactie posten