Gilinsky takes control of metropank after approval of bailout plan

Tycoon Jaime gelinski Bacal, a former shareholder of Banco Sabadell, may have a controlling position in Metro Bank after the owners of the English entity – with more than 90% support – authorized the rescue agreed in the early hours of October 7-8.

The value of the operation is estimated at 925 million pounds sterling (1070 million euros), Which is the sum of Capital increase of 325 million pounds and 600 million debt. The expansion will consist of 150 million of new capital and 175 million to T

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About the Author: Muhammad Idham