BBVA raises €2bn in accelerated trade to up Garanti stake to 40%

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BBVA raises €2bn in accelerated trade to up Garanti stake to 40%

BBVA raised €2bn of fresh equity on Wednesday evening, to finance its acquisition of a 14.89% stake in Turkey’s Garanti Bank — taking its stake in the bank to 39.9%. The €2bn will pay for the whole stake.

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