Dexia was forced by the French government to sell assets in order to qualify for bailout funds. Why it is being arranged trhough an SPO I don't know. All I know is that when millions of shares go up for sale, the PPS will go down over the short term.
nothing has changed. PPS will be fine.16.4 mill. shares to be sold ?who will buy?It is better that 16 mill shares has not sold in open market, otherwise it would have been below 10.Hope for the best but 10 % cut ...for sure.