Erste Group: Shareholder Structure Changes

Businessn.a. ♦ Published: December 5, 2013; 23:48 ♦ (Vindobona)

The core shareholder of Erste Group continues to reduce its stake in the third-biggest Austrian banking group.

Erste Group: Shareholder Structure Changes / Picture: © Erste Group / Christian Wind

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…