Piraeus Bank SA ADR (BPIRY)

[koen2]

I guess we are going down further.

HELEX announced that Piraeus Bank’s 8,672,163,482 new common registered shares following the share capital increase realized as a result of a private placement will commence trading on December 8.

on 1.94 billion raised ,thats $0.224 a share in private placement
Thats way lower then i was thinking.

After the European Central Bank’s Single Supervisory Mechanism identified a capital shortfall of 4.93 billion euros for Piraeus Bank, the bank has succeeded in covering in 1.94 billion euros of the capital needs by private means, the EU said. The SSM also approved additional capital actions of 271 million euros.