Erste Group Bank AG : 19.12.2011 In connection with the implementation of agreements with the Romanian SIFs, Erste Group has acquired a further approx. 6% stake in BCR against cash and issuance of new shares – Trading in the new shares starts on 19 December 2011
December 19, 2011 at 07:28 am
By
Share
19.12.2011 In connection with the implementation of
agreements with the Romanian SIFs, Erste Group has acquired a
further approx. 6% stake in BCR against cash and issuance of
new shares - Trading in the new shares starts on 19 December
2011
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. As a result, the total
number of Erste Group shares rose from 386,741,696 to
390,767,262.
Details of the transactions:
As part of the third tranche 2011 of the overall
transaction, SIF Moldova tendered a total of 515,104,582
BCR shares. A total of 4,025,566 new Erste Group shares
were issued for these shares on 15 December 2011. 1 Erste
Group share was issued for 127.9583 BCR shares.
SIF Moldova acquired under the transaction a stake in Erste
Group of about 1% by exchanging its 4,74% stake in BCR for
Erste Group shares. SIF Moldova received a total of
4,025,566 Erste Group shares for 515,104,582 BCR
shares.
SIF Moldova can dispose of up to 25% of its Erste Group
shares immediately after the acquisition. After 6, 12 and
18 months it can sell an additional 25% each of its Erste
Group shares.
New 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.
In addition, on 12 December 2011 Erste Group has acquired
an approx. 1.26% stake in BCR from the SIF Transilvania for
a cash payment of RON 123.6 million.
As a result, in 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%.
distribué par
Ce noodl a été diffusé par Erste Group Bank AG et initialement mise en ligne sur le site http://www.erstegroup.com. La version originale est disponible ici.
Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-19 08:21:16 AM et restera accessible depuis ce lien permanent.
Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.
Erste Group Bank AG is one of the leading Austrian banking groups. Net interest income by activity breaks down as follows:
- retail banking (42.4%);
- corporate banking (24.7%)
- investment, finance and market banking (8.4%);
- other (24.5%).
At the end of 2022, the group was managing EUR 222.6 billion in current deposits and EUR149.3 billion in current loans.
Products and services are marketed through a network of 2,029 branches located in Austria (797), Czech Republic (398), Romania (321), Slovakia (190), Croatia (133), Hungary (102) and Serbia (88).
Net interest income breaks down geographically as follows: Austria (44.7%), Europe (52.8%) and other (2.5%).
Erste Group Bank AG : 19.12.2011 In connection with the implementation of agreements with the Romanian SIFs, Erste Group has acquired a further approx. 6% stake in BCR against cash and issuance of new shares – Trading in the new shares starts on 19 December 2011
ERSTE GROUP BANK AG 
By 
