BCR
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Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...
SIF Shareholders: We Are Disappointed By Erste’s Offer
The shareholders of the five regional investment funds (SIF) say they are disappointed with the price offered by Austrian group Erste to take over 24.12% in BCR. They have yet to decide how...
Major Merger On Insurance Market: Omniasig’s Name Prevails Over BCR Asigurari
The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholde...
Erste, SIFs To Pay Rothschild EUR750,000 For Evaluation Services
Rothschild investment bank will receive EUR750,000 for evaluation services during negotiations between Austria’s Erste Group and minority stockholders in its Romanian unit BCR.
BCR Employees Get Sweetened Exit Deal Because They Need Protection, Erste Says
Romanian BCR’s employees are getting more for their shares in the bank compared with the SIF minority stockholders because they need “a certain level of protection” to liquidate their holdin...
Wimmer: BCR Highly Likely To Require A Future Capital Boost
Austrian Erste Group Bank AG (EBS.RO) Friday said its Romanian unit BCR could very likely need a capital increase sometime in the future, as risk costs are bound to remain at high levels.
Erste Says Buyout Offer For 24% In BCR As Good As It Gets
Austrian Erste Group Bank AG (EBS.RO) Friday said its buyout offer for 24% in Romanian BCR from four SIF minority shareholders expires once the last of the SIFs has held their meeting on the...
BNR Board Member: Many Non-Performing Loans Could Be Revived If Banks Really Wanted To
Foreign banks are suffocating companies and the government no longer has a powerful bank it can use to compensate business directions dictated by factors from abroad, says Nicolae Danila, fo...
Analysts Adjust 2012 GDP Forecasts Towards 2%-3%
The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone coun...