Article Tools

Erste Group´s Core Shareholder Sells 14 million Shares+

Published: October 2, 2012; 18:38 · (Vindobona)

Erste Stiftung, the core shareholder of Austrian Erste Group, remains the biggest shareholder, though.

Erste Group´s Core Shareholder Sells 14 million Shares+ / Picture: © Erste Group

In total, Erste Stiftung sells 14 million shares of Erste Group, which corresponds to 3.55% of Erste Group´s share capital. Thus, the shareholding of Erste Stiftung goes down to 20.2%. However, Erste Stiftung remains the biggest shareholder.

With the sale, Erste Stiftung reduces its debts by more than € 250m. Before, Erste Stiftung debt totaled about € 1.0bn. The sale was…

This article includes a total of 88 words.

or Log In