Raiffeisen Bank Aval to Increase Charter Fund by 2.2%
6 March 2008
Interfax reported that Raiffeisen Bank Aval’s (BAVL: HOLD) shareholders would vote on 2.2% charter fund increase at its AGM on April 25. Subscription will run from July 1 to August 31. Alexander Viktorov: We think this subscription will again be held at market price. Based on the current market price (USD 0.179), the volume of the share capital increase would be USD 90 mln, which would bring the bank’s share capital to USD 541 mln.
