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€1.5 Billion Dexia Loans Used to Buy Shares in ... Dexia

October 21, 2011

Dexia, the stricken Franco-Belgian lender that has been at the center of recent market turmoil, loaned €1.5 billion ($2.06 billion) of fresh capital to its two largest institutional shareholders which then used the cash to buy Dexia shares before 2008, the Financial Times reports it has learnt.

Source: http://www.cnbc.com/id/44985374?__source=RSS*tag*&par=RSS
 
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