Article Tools

Erste Group Buys Remaining Shares in Romanian BCR

Published: November 30, 2011; 11:13 · (Vindobona)

The Austrian bank has reached an agreement with the last one of five regional investment funds to acquire its stake of 6%.

Erste Group Buys Remaining Shares in Romanian BCR / Picture: © Erste Group

Erste Group Bank AG today announced it has entered into a binding transaction agreement with SIF Moldova to acquire its 6% stake in BCR.

SIF Moldova will receive Erste Group shares for up to 515,104,582 BCR shares at an exchange ratio of 1:127.9583, cash for up to 103,021,043 BCR shares at a price of RON 1.0385 per share and cash for up to 33,256,302 2011 profit shares at a…

This article includes a total of 272 words.

or Log In