SIF Mutenia Transfers Minor BCR Stake To Erste, Collects RON70.1M
Regional investment fund SIF Muntenia (SIF4.RO) collected 70.1 million lei (EUR16.1 million) from Austrian Erste, representing the cash component delivered this year in the deal whereby the SIF sells the 6% it owns in lender BCR.
SIF Muntenia announced mid-October that it will sell 3.77% of its BCR stake this year, more than half of the overall 6% stake it holds in the bank.
Later, the SIF announced it transferred a 3% stake to Erste, for which it received 0.67% in the Austrian bank. (EUR1=RON4.353)
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