Erste Group Plans Complete Takeover of BCR

Business › n.a. ♦ Published: February 9, 2012; 14:31 ♦ (Vindobona)

The Austrian bank wants to become the sole owner of Banca Commerciala Romana.

Erste Group Plans Complete Takeover of BCR / Picture: © BCR Banca Comercială Română

Since October 2006, Austrian Erste Group is the major shareholder of the Romanian BCR. The sale price totaled € 3.75bn for a 61.9% shareholding. The seller was the Romanian state. Last year, Erste Group increased ist stake up to 89.13% - Erste Group paid € 435m.

The remaining shareholders are state-owned funds (SIF). Now, Erste Group intends to talk with the minority…

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