Erste Group Strives for Full Control over Romanian BCR

Business › n.a. ♦ Published: August 4, 2011; 21:06 ♦ (Vindobona)

The Austrian bank does not want its Romanian subsidiary to be listed at the stock exchange although it was a condition for the privatization.

Erste Group Strives for Full Control over Romanian BCR / Picture: © Erste Group / Christian Wind

Erste Group keeps up its resistance to a stock listing of its Romanian subsidiary Banca Comerciala Romana (BCR). The Austrian bank is said to have offered to acquire the 30.1% stake from the five minority shareholders. “All five regional investment funds have received a concrete offer from Erste for their shares in BCR”, Ion Cuzman, president of the fund Banat-Crisana, is quoted in…

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