EUROPE - European banking group Dexia has been forced to secure €6.4bn (US$9.15bn) of extra capital from governments, institutional investors and pension funds.
The investment broke down into €3bn each from French and Belgian backers, and a subscription for €376m of convertible bonds by the Luxembourg government. The French government invested €1bn int...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders