Sunday, November 30, 2008

Spain's Santander raises 7.2 billion euros in new capital: company

MADRID (AFP) -- Santander, Spain's largest bank which has undertaken a string of acquisitions this year, announced on Friday that a 7.2-billion-euro (9.2-billion-dollar) rights issue has been fully subscribed.
The bank announced on November 10 it had offered almost 1.6 billion new shares at 4.5 euros each in a bid to raise capital. ""The increase in capital announced on November 10 ... has been fully subscribed during the preferential period,"" the bank said in a statement

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