Dutch firms raised €10.3bn on stock market

Dutch companies have raised considerably more capital on the stock exchange in recent months than over the past few years, according to the central bank, reports ANP news service on Tuesday.


In total, Dutch firms issued €10.3bn worth of shares in the second half of 2009, signalling an end of an 18 month period during which hardly any emissions were made, said the central bank.
The value of the shares was also much higher than the average annual of around €2bn which has been the level since 2002.
Financial institutions in particular looked to the stock markets for capital. Banks and insurance firms such as ING, Aegon and SNS Reaal needed capital to pay back the emergency aid they received from the state as a result of the credit crisis. They were responsible for issuing €8.3bn in new shares in the second half of this year.

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