Geniki Bank of Greece Plans EU431.3 Million Rights Offer
Stock Chart for Geniki Bank (TGEN)
Geniki Bank (TGEN) SA, the Greek unit of France’s Societe Generale (GLE) SA, called a extraordinary shareholder meeting to seek approval to raise 431.3 million euros in a rights offer, extending 10.125 new shares for every 1 held at 40 euro-cents a piece.
The rights offer is part of a total 575.1 million-euro share capital increase, according to an Athens bourse filing today.
An extraordinary shareholder meeting will be held on Oct. 24 to seek approval, according to the filing.
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