Metro backers face 'very painful rescue' - analystjumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks in the wake of volatile trading.
on reports that it was trying to raise about 600 million pounds, with the lender later confirming it was exploring its options. The shares in the equity raise will be priced at 30 pence per share, or a discount to Friday's closing price of 45 pence.
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