“Banca Transilvania informs its investors that, on 01.09.2020, it was notified that Fondul de pensii administrat privat AZT Viitorul Tau (managed by Allianz-Tiriac Pensii Private SAFPP SA), Fondul de pensii administrat privat AZT Moderato (managed by Allianz-Tiriac Pensii Private SAFPP SA), Fondul de pensii administrat privat AZT Vivace (managed by Allianz-Tiriac Pensii Private SAFPP SA) together with Allianz Tiriac Asigurari SA and Allianz Hungaria Biztosito Zrt. have fallen below the 5% holding level, owning at the present 4.996% of the capital of BT,” per the report.
Transactions were carried out on September 17, 2020, and, relative to the latest trading prices, 4.996% in Banca Transivania equals to an investment of nearly RON640 million.
Banca Transilvania has a market capitalization of RON12.8 billion and its shares have been falling by 8.5% since the start of 2020.