(Reuters) - SNS said it will partly fund the acquisition by selling 350 million euros in equity and that its majority shareholding foundation would concurrently sell up to 200 million of existing shares, with an over-allotment of 50 million euros worth of shares.
SNS is paying cash plus accrued interest of 4 percent from January 1 of this year, which will be the effective date of the acquisition. The deal is expected to close in the second half of 2007, SNS said.
Read more at Reuters.com Business News
SNS is paying cash plus accrued interest of 4 percent from January 1 of this year, which will be the effective date of the acquisition. The deal is expected to close in the second half of 2007, SNS said.
Read more at Reuters.com Business News
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