Millennium plans $350 mln rights issue after Q3 loss
WARSAW, Nov 6 (Reuters) - Polish lender Millennium BIGW.WA accounced on Friday a 1 billion zlotys ($348.2 million) rights issue as it posted an unexpected net loss in the third quarter due to a writedown related to mounting bad loans.
The bank, controlled by Portugal's Millennium bcp (BCP.LS: Quote, Profile, Research), had a net loss of 87 million zlotys versus an 11 million profit seen in a Reuters poll of analysts. (Reporting by Gabriela Baczynska, writing by Chris Borowski)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore. Full Coverage | Blog
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
India
US
UK
