POP SM - To issue up to 2B new shares for €1.25/shr in rights issue; Aims to raise €2.51B - Spanish press
- Capital hike aimed at strenghtening balance sheet, will allow it to accelerate real estate divestments
- Allianz to subscribe up to 53.4M shares to take 3% stake
- To sell €15B in gross unproductive asets in 2016-2018
- Merger talks with Sabadell were unconculsive
- Sees ROTE at ora bove 9% by 2018