News Headline Summary

Spain's Banco Popular (POP SM) share up 5% in early trade after disclosing details of share increase plan

Analysis details (08:33)

- Banco Popular plans to offer a steeper-than-expected discount on its EUR 2.5bln rights issue. The bank is offering three new shares for every old one at a price of EUR 0.401 each which represents a 64% discount to Friday’s closing share price.

12 Nov 2012 - 08:32 - - Source: Newswires

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