October 30 (SeeNews) - Romania's Banca Comerciala Carpatica [BSE:BCC] said on Friday it plans to double its share capital by selling new shares worth 110.1 million lei ($27.3 million/24.8 million euro) via a rights issue.
The bank will offer existing shareholders 1.1 billion new shares at an issue price of 0.1 lei, equal to their nominal value, between November 3 and December 3, it said in a statement filed with the Bucharest Stock Exchange.
Earlier this month, the bank cut its share capital by 65% to 110.1 million lei to partially cover the accumulated loss registered by the end of 2014.
In June, the bank announced that exclusive talks had started with J.C. Flowers about a 110 million lei capital injection, after the bank's shareholders approved a capital reduction followed by a capital increase. In early September, a sales purchase agreement was signed with a group of shareholders holding 57% of the bank shares and on October 9 the bank's shareholders reinforced their support towards J.C. Flowers’ participation as a potential new major shareholder, the bank has said.
Banca Comerciala Carpatica is headquartered in the central city of Sibiu. Its net loss widened to 26.5 million lei in the first nine months of 2015 from 21.7 million lei a year ago.
(1 euro = 4.4349 Romanian lei)
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