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Monday, May 20, 2013

Greeces National Bank sets rights issue price after reverse split

ATHENS | Mon May 20, 2013 10:49am EDT
ATHENS May 20 (Reuters) - Greece's biggest lender National Bank said on Monday it would sell 2.27 billion new shares at a price of 4.29 euros ($5.50) each, as part of its recapitalisation plan.
The price is calculated after a 1-for-10 reverse stock split.
($1 = 0.7798 euros) (Reporting by George Georgiopoulos; writing by Harry ...

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