Business - n.a.

Erste Group Plans Complete Takeover of BCR

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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Erste Group Plans Complete Takeover of BCR

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.