16.11.2012 10:55
YEREVAN, November 16. /ARKA/.Belgium and France are set to own almost 96 percent of Dexia (DEXI.BR), with the free float slipping to 1.9 percent, after the two nations agreed to keep the lender afloat with 5.5 billion euros ($7.0 billion) of fresh funds, Reuters reports.
Dexia's board has approved the plan, which will now be put to an extraordinary shareholder meeting on December 21, saying the states would buy new preference shares at 0.19 euro apiece.
Belgium will pay 2.9 billion euros and France 2.6 billion. Combined, they will receive 28.95 billion new preference shares.
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