The offer applies for the remaining 25,146,694 shares issued by Bancpost SA, which constitutes 0.85325% of the total number of shares with voting rights.
The offered price per share is RON0.2848 and the offer is valid between April 25, 2018 and June 29, 2018 for any interested Bancpost shareholder.
Banca Transilvania, the second largest bank in Romania by assets, became the owner of the majority stake of 99.15% held by Greece’s Eurobank Group in Bancpost and of the shares held in ERB Retail Services IFN and ERB Leasing IFN.
Bancpost was acquired at 75% of the net asset value, for approximately EUR178.67 million. For ERB Retail IFN, Banca Transilvania paid EUR40.42 million (77% market price of shares/accounting value), and for ERB Leasing IFN, it paid EUR6.79 million (63% market price of shares/accounting value).