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Erste Group: Shareholder Structure Changes
The core shareholder of Erste Group continues to reduce its stake in the third-biggest Austrian banking group.
Erste Group: Shareholder Structure Changes / Picture: © Vindobona.org
In order to reduce its indebtedness, Erste oesterreichische Spar-Casse Privatstiftung has sold 8.5 million shares in Erste Group. After the sale, the stake was down from 24% to 21%. According to Erste Stiftung, the buyers are international institutional investors.
Already in the course of the capital increase in summer, Erste Stiftung has sold 3.4 million shares. The private…
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