Erste Group Increases Stake in BCR to 82%

Markets ♦ Published: December 12, 2011; 11:23 ♦ (Vindobona)

In connection with the implementation of agreements with the Romanian SIFs, Erste Group has acquired a further approx. 7% stake in BCR against cash and issuance of new shares.

Erste Group Increases Stake in BCR to 82% / Picture: © Erste Group / Helmut Lackner

In connection with the announcement published by Erste Group on 14 September 2011 as well as on 30 November 2011 regarding the transaction with the Romanian investment funds SIFs (Societatea de Investii Financiare) to acquire up to 30% stake in BCR, upon the completion of the second tranche of agreement with SIF Transilvania a total of 4,025,566 Erste Group shares were issued on 12…