ZURICH, Oct 19 (Reuters) - Proxy adviser ISS changed course and recommended on Friday that shareholders support baking company Aryzta’s plan for an 800 million euro ($917 million) capital increase.
It had opposed the idea earlier this week. Proxy adviser Glass Lewis recommends supporting the plan.
Cobas Asset Management said on Monday it would support a 400 million euro capital increase.
$1 = 0.8723 euros Reporting by Oliver Hirt, Editing by Michael Shields