Romanian SIF Moldova Sells BCR Stake To Erste
Romanian regional investment fund SIF Moldova (SIF2.RO) has concluded a binding agreement to sell the 6% it owns in lender Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO), the latter announced Wednesday.
The deal’s terms were similar with those agreed with the other four SIFs.
Thus, for its stake in BCR, the SIF stands to collect 123.6 million lei (EUR28.4 million) in cash and a 1% stake in Erste.
Under the agreement, the SIF gives up the right to request the floating of BCR shares as well as the right to collect special dividend. (EUR1=RON4.3498)
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Cristina Roșca
