Sponsored Content
Erste Group Buys Remaining Shares in Romanian BCR
Markets ♦
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 / Helmut Lackner
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…
or Log In
Fast News Search