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Nov 14, 2007 17:47 EEST
November 14 (SeeNews) - Abanka Vipa, Slovenia's third-largest bank by assets, said on Wednesday it seeks to raise 102 million euro ($150 million) in a capital hike, aiming to sustain its growth.
Abanka Vipa will issue 1.7 million shares at an issue price of 60 euro each, it said in a statement. It provided no timeframe for the planned capital increase.
The bank plans to raise its nominal share capital by 7.094 million euro to 30.045 million euro. It wil keep the preemptive right of its current shareholders to subscribe for shares from the new issue in two rounds. The shares that remain unsubscribed will be then offered to the public.
Abanka Vipa had a market share of 8.6% in terms of assets in Slovenia at the end of June. Twenty-one banks operate in Slovenia, a country of two million people.
Slovenia abandoned its tolar currency and switched to the euro from on January 1, becoming the thirteenth member of the eurozone.
($ = 0.69 euro)
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