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Attica Bank Plans Rights Issue

Attica Bank plans to raise 152 million euros via a rights issue, the bank said on Friday.

The bank will issue 108,838,032 new common registered shares, 8-for-10.

The Greek state, which owns preference shares after Attica Banks participation in a support package , will not exercise its rights, the bank said.

Attica Bank got a capital boost of 100.2 million euros from the sale of the preference shares to the Greek government earlier this year, Reuters notes.

The planned rights issue is subject to shareholder approval.
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