The two transactions, which cumulated 313.37 million Banca Carpatica shares, were closed at a price of RON0.0625 a share, 1.13% higher from the price registered at Thursday’s closing session.
Tanase held 11.66% of the bank’s shares before selling the 9.95% stake.
Last week, Romania’s central bank suspended the voting rights of two large shareholders in Banca Comerciala Carpatica, saying the stockholders no longer meet the “good reputation” criteria, Carpatica said in stock exchange filling last Thursday. The suspension applies to Tanase and to Ilie Carabulea who owns around 45.4% in Banca Carpatica. The two investors are banned from purchasing additional stock in the bank.
Carabulea was recently placed under house arrest for suspicion of bribery and influence peddling in connection to a case regarding the insurance company Carpatica Asig, part of the Carpatica banking and financial group.
Tanase’s voting rights were suspended for having acted together with Carabulea, thus no longer fulfilling “the quality requirements regarding the reputational criterion of a shareholder of a credit institution,” Banca Carpatica also said.
The central bank’s decision, a premiere in the local market, comes only weeks after Carabulea and Tanase called a shareholder meeting to vote on replacing Banca Carpatica’s executive management.
On the other hand, the bank’s managers recommended Carpatica merged with another lender.
Both proposals are to be discussed at a meeting scheduled for April 10.