1. Also making a capital increase necessary, de Larosiere said, was that repayments of exisitng loans only occur after a grace period of several years for some borrowers. 2. As an alternative to the capital increase, the company could borrow, or sell shares in cellular phone company Omnitel-Pronto Italia or multimedia group Telemedia. 3. ASLK-CGER, Generale de Banque SA and SBC Warburg will act as lead managers for the capital increase. 4. Bautista said the capital increase would be used to help pay for the new airplanes. 5. Berner said Allianz has agreed to take part in the capital increase, which has to be approved by shareholders. 6. Bodin declined to give details on the capital increase. 7. Abt said the sale was part of a capital increase passed by shareholders last year and the money would be used to refinance short-term debt. 8. Adelfa Properties Inc., the major stockholder of the corporation, said it will subscribe to the minimum amount of shares required to support the capital increase. 9. After the sale, the buyer will have the right to raise the stake to a majority through a capital increase, which will be used to finance modernization. 10. After the capital increase, Mediaset will sell an unspecified amount of equity to investors on the Milan stock exchange. |