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Erste Group has acquired a further 6% stake in BCR against cash and issuance of new shares

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2011-12-19 11:45

In connection with the announcement published by Erste Group on 14 September 2011 as well as on 30 November 2011 regarding the transaction with the Romanian investment funds SIFs (Societatea de Investitii Financiare) to acquire up to 30% stake in BCR, upon the completion of the third tranche of agreement with SIF Moldova a total of 4,025,566 Erste Group shares were issued, said the bank in a press release. rnrnAs a result, the total number of Erste Group shares rose from 386,741,696 to 390,767,262.rnrnNew Erste Group shares have been registered in the companies register at the Vienna Commercial Court on 15 December 2011. Trading in the new shares will start on 19 December 2011 in Vienna, Prague and Bucharest. The new shares have dividend rights for the financial year 2011.rn rnIn 2011, Erste Group has acquired total of a 14.5% stake in BCR against issuance of 12,300,878 new Erste Group shares and a 4.0% stake in BCR against a cash payment total of RON 380.7 million. Thereby Erste Group increases its stake in BCR to 88%.

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