Sunday, March 4, 2012

Banca Civica announces details on floating.

(ADPnews) - Jun 30, 2011 - Spanish bank Banca Civica announced yesterday details on its stock exchange debut, after it registered its prospectus with the bourse watchdog CNMV.

The bank will issue and offer to the market up to 248,800,000 shares equal to 47.5% of its capital. The issue includes 222,142,800 shares plus a green shoe option for up to 26,657,200 shares.

Banca Civica set a price range of EUR 2.70 (USD 3.915) to EUR 3.80 per share, which values the entire bank at between EUR 1.414 billion and EUR 1.99 billion. Excluding the shares from the green shoe, the bank could be valued at EUR 1.342 billion to EUR 1.889 …

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