SIF Oltenia Contributes RON37.1M To BCR Share Capital Hike
Regional investment fund SIF Oltenia (SIF5.RO), the only SIF not to sell its BCR stake to Austrian Erste, contributed 37.1 million lei (EUR8.54 million) to a share capital increase at the Romanian lender.
Negotiations between the SIF and Erste, for the sale of a 6% stake in BCR, are not yet complete, according to the SIF’s management.
SIF Oltenia subscribed 6% of the shares issued by BCR for a share capital increase worth a cumulated RON618.5 million, according to a memo posted on the Bucharest Stock Exchange.
Before the operation, the SIF held a 6.11% stake in BCR.
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