Metro Bank secures capital, Colombian billionaire Gilinski takes majority stake
© Reuters. FILE PHOTO: Jaime Gilinski, GNB Sudameris bank's board chair, speaks during a news conference in Bogota May 14, 2012. REUTERS/Fredy Builes/File PhotoLONDON - Embattled British bank Metro announced a 325 million pound capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to secure its future after a volatile week of trading.
The equity raise was led by Metro's largest shareholder, Spaldy Investments, which is owned by Colombian billionaire Jaime Gilinski. Spaldy will become the controlling shareholder once the transaction completes, Metro said, with a 53% stake.
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