Economics

Bank supports capital increase for Cargolux

Luxembourg state bank BCEE will support a capital increase of 175 million euros for freight airline Cargolux, provided that all shareholders, including HNCA, back the move.

13.12.2013

(CS) Luxembourg state bank BCEE will support a capital increase of 175 million euros for freight airline Cargolux, provided that all shareholders, including HNCA, back the move.

The capital increase is “within the proportion of the shares held by the bank,” the BCEE said in a statement, saying that it stays “faithful to its role as a responsible bank at the service of the Luxembourg economy” with this decision.