The price is similar to the one proposed by Erste to the five regional investment funds, or SIFs, when buying their stakes in BCR.
Thus, for the 0.36% stake, Erste is set to pay over RON62 million (EUR14.3 million).
The purchase offer will unfold between February 6 and 24, according to an announcement by BCR.
The offer launched this week is the third one made by Erste to the minority shareholders, which include current and former employees, as well as broker Actinvest, Carina Import Export, Milord Impex and Certinvest Dinamic.
Erste currently owns 89.13% in BCR, while SIF Oltenia (SIF5.RO), the only SIF that hasn’t sold its stake, holds 6.59%. (EUR1=RON4.3483)