Report
Credit Morning 12/16/2016
Having no other solutions at this juncture and with no safety net, BMPS has announced the launch of a € 5bn capital increase to be completed by 31 December 2016 at the latest. The bank has also reopened its bond-to-equity conversion offer.SoLocal’s deleveraging plan was adopted yesterday by shareholders.Areva will convene a general meeting on 3 February 2017 with a view to approving the € 2bn AREVA SA capital increase, received binding offers from investors to take a 10% stake in Newco for € 500m, maintained its 2016 targets and signed an agreement for the sale of AREVA TA. Loxam once again raised its offer to buy Lavendon to 250 pence per share, which values the company at £ 425m about € 500m>
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