Liberbank announced a €500mn capital increase after the market closed. An extraordinary shareholders’ meeting will be held on October, 9th to approve this measure. Ocenwood (12.6% stake), Aivilo Spain (7.4% stake) and Corporación Masaveu (5.0% stake) intend to subscribe their pro–rata share in full. The Banking Foundations (43.8%) have declared their intention to at least tail-swallow.
Liberbank SA is a Spain-based company engaged in the commercial banking activities. It specializes in providing consumer loans. Furthermore, the Bank offers a range of services for entrepreneurs: savings accounts, loans, factoring, payments management, investment funds, import and export financing, guarantees, as well as commercial insurance, among others. The Bank operates through a chain of retail offices in Asturias, Cantabria, Castile La Mancha and Extremadura. It also manages such brands as Cajastur, Caja Extramadura, Caja Cantabria and CCM.
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