Erste has reached an agreement in principle with four of the five SIF minority holders in BCR to acquire 24.12% or 2.6 billion shares in the Romanian bank for EUR435 million in cash and stock via a series of transactions.
Rothschild assessed the financial terms of the deal, which must be approved by the shareholders of the participating SIFs before it becomes final.
If the SIFs sanction the transaction, they will pay Rothschild a total of EUR230,000, while Erste will provide the remaining EUR520,000. The SIFs will pay only if the deal is approved.