Société Generale announced Tuesday a drastic solution to deal with the enormous emergency state loans of 3.4bn euros all in once by raising a generous 4.8bn euros.The bank plans to repay the French state loan with this grotesque effort while SocGen's dreaming of an expansion with the other 1.4bn euros by pursuing potential takeovers and thus staying ahead of the competition.
The existing shareholders would get priority to buy further two shares for each nine they own bearing in mind that the new stock price is rated at a disappointing 31% discount compared with the current value. The banks latest results showed an amazing loss of profits by 52% despite rumours of better performance.
Mattias Dierickx
source: BBC NEWS, De Standaard Online
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Société Generale announced Tuesday On Tuesday, Société Générale announced... a drastic solution to deal with the enormous emergency state loans of 3.4bn euros all in once by raising a generous 4.8bn euros.
The bank plans to repay the French state loan with this grotesque effort better for you flow: 'With this grotesque effort, the bank plans... while SocGen's by using the name SocGen here, you make it seem that we are not talking about the same bank as in the beginning of the sentence dreaming of an expansion with the other 1.4bn euros by pursuing potential takeovers and thus staying ahead of the competition. very long sentence with a lot of information
The existing shareholders would get priority to buy further drop 'further' two shares for each nine they own add a comma bearing in mind that the new stock price is rated at a disappointing 31% discount compared with the current value. The banks latest results showed an amazing loss of profits profit by of 52% despite rumours of better performance.
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