Stock Swap at Erste Group

Professional ServicesBanks ♦ Published: November 28, 2011; 11:17 ♦ (Vindobona)

The Austrian bank increases its stake in the Romanian BCR by 6.23% against cash and issuance of new shares

Stock Swap at Erste Group / Picture: © Erste Group / Christian Wind

In connection with the announcement published by Erste Group on 14 September 2011 regarding the transaction with the Romanian investment funds SIFs (Societatea de Investii Financiare) to acquire their stake in BCR, upon the completion of the first tranche of agreements with SIF Muntenia and SIF Banat-Crisana a total of 4,249,746 Erste Group shares were issued on 23 November 2011. As a…