New Santander chairman issues €7.5 billion cash-call

LAST UPDATED: 21 Jan, 2015 @ 16:49
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New Santander chairman issues €7.5 billion cash-call

NEW Banco Santander chairman Ana Botin has issued a cash-call to strengthen the bank with fundraising.

Botin asked shareholders for €7.5 billion, about 10% of the bank’s capital value.

Shares for the eurozone’s largest bank were temporarily suspended on the Madrid stock market pending the announcement.

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