Credit Suisse distributes shares to investors for 890 million
2022.11.24 13:03
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Credit Suisse distributes shares to investors for 890 million
Budrigannews.com – On Thursday, the Bank confirmed the possibility of a capital increase of 4 billion francs, saying that it had provided 889 million shares to investors of existing investors at prices of 2.52 Swiss francs per share.
Investors on Wednesday approved a capital increase in order to help troubled banks cope with a series of scandals, losses, as well as finance its restructuring. Credit Suisse reported that it is assumed that the sale of shares will attract 2.24 billion Swiss francs.
The shares owned by the shareholders will receive one property right to subscribe to each share owned by them. The National Bank of Saudi Arabia bought 307 million shares from the bank and provided it with 9.9 shares of Credit Suisse.
The Bank also confirmed the issue of 462 million shares for qualified investors. Acquisition of rights and placement of shares by which the bank expects to take profits, support restructuring and exemption from investment banking. “The estimated capital of the offers of Credit Suisse Gattering increased by 17, to 124,511,584 US dollars, 16 due to an increase in capital,” he added.”
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