October 19, 2018 / 11:21 AM / 25 days ago

Proxy adviser ISS changes course, backs Aryzta's capital hike plan

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

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