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The rest of the capital will be reserved for follow-on rounds.
The rest of the capital will be reserved for follow-on investments of up to $2 million.
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A portion of the new capital will be used to purchase shares held by existing shareholders, but the company did not disclose which shareholders and how much of the $108 million injection will be reserved for the buybacks.
If Bankia raises the new funds, its core capital will be just over 10%.In this section Acting with reserves Wanted: a French revolution Wrong number A bank bail-out by another name?
After the deal, about 75percentt of the company's capital will be used for exploration, up from about 51percentt, and about 38percentt of its oil reserves will be outside the United States and the North Sea, up from about 21percentt.
The capital will be Toulouse.
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But attracting private capital will be tough.
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