Santander announces €7.2bn rights issue

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Santander announces €7.2bn rights issue

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11-11-2008, 11:40 PM

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Santander announces €7.2bn rights issue

Spanish bank, Santander, has raised eyebrows today by announcing a €7.2 billion (£5.9 billion) rights issue.The bank, which recently acquired Alliance & Leicester, said the heavily discounted rights issue will allow it to strengthen its capital and provide an investment opportunity for its shareholders.However, just last week the bank insisted it had no need to [...]

More: Santander announces €7.2bn rights issue

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