Friday, June 17, 2016

Popular successfully completes capital increase – Yahoo Finance Spain

MADRID (Reuters) – People’s Bank announced Friday that it has successfully closed the capital increase launched to cover the brick adverse effect on its balance sheet and strengthen its ratios solvency.

the group said that enlargement practically covered during the preferential subscription period (99.73 percent of enlargement) and received total demand exceeded 3,400 million.

This is the 135,75 percent of the 2.505 million euros of enlargement.

the new shares will begin trading on the market next June 23.

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