Wednesday April 1, 2020

Few options for shareholders

Existing investors in Ireland’s banks face a dilution of their stakes as a result of plans to raise much-needed capital

1st May, 2010

Bank of Ireland’s announcement of its capital raising plans last week will put investors in financial institutions on notice that they may see their shareholding diluted.

BoI plans to raise €3.4 billion in new funds, partly through the issuing of new shares. It will not be the only bank to pursue such a course. Last week, the state’s other major bank, AIB, said that it would announce its own fundraising plans in September....

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