Erste Group to Take over BCR Completely

Businessn.a. ♦ Published: March 13, 2013; 11:44 ♦ (Vindobona)

The Austrian banking group launches a permanent buy-out offer for minority shareholders of BCR.

Erste Group to Take over BCR Completely / Picture: © Erste Group / Helmut Lackner

Erste Group Bank AG (Erste Group), the majority-owner of Banca Comercială Română S.A. (BCR), launches a new, voluntary offer, for the minority shareholders of BCR (excluding SIF).

Unlike previous offers by Erste Group, the new offer is made for an undetermined period of time. It is launched with an initial price of RON 0.75 per share, again at a significant premium. The…