SIF Moldova (SIF2.RO) obtained an approximate 1% in Erste for its 4.74% stake in BCR, according to an Erste news release.
Erste announced mid-September that it has concluded an agreement in principle with four of the five SIFs, namely SIF Banat-Crisana (SIF1.RO), SIF Transilvania (SIF3.RO), SIF Muntenia (SIF4.RO) and SIF Oltenia, to buy their overall 24.12% in BCR in several trasactions estimated at a total EUR435 million.
The transactions would involve several operations of cash payments and stake exchanges. Later, SIF Moldova (SIF2.RO) accepted Erste’s proposition as well.