BCR
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SIFs Get Much Less Than BCR Employees For Their Shares After Five Years Of Waiting
Erste has finally persuaded four of the five regional investment funds (SIFs) to sell their stakes in BCR after more than one year of negotiations, but the Bucharest bourse loses one on the...
SIFs To Get 44% Less For BCR's Shares Than Other Minority Holders
Austrian Erste Group’s offer to four of the five SIF investment funds in Banca Comerciala Romana (BCR) for a 24.12% cumulated stake is 44% lower compared to the price proposed to the other m...
SIF Transilvania Calls Shareholders To Approve BCR Stake Sale
The managing board of regional investment fund SIF Transilvania (SIF3.RO) called shareholders to meet on October 31 and approve the sale of a 6% stake in lender BCR, the fund said Thursday i...
Erste To Buy 24% In BCR From 4 SIFs For About EUR435M
Austrian lender Erste Group Bank (EBS.RO) Wednesday said it will acquire 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of...
Erste Puts EUR600M In Cash And Shares On SIFs’ Table
Erste could announce the offer for 30% in Romania’s largest lender BCR over the next few days. If the deal comes through, Romania will lose the unique opportunity of having its largest bank...
BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk...
Last Attempt By SIFs To Strike Deal With Erste On BCR Shares
The five regional investment funds (SIFs) are increasingly pressured by the approaching deadline to decide on the fate of the 30.1% stake in Romania’s largest bank, BCR. The SIFs met with Er...
TMK Artrom To Contract Loans Worth A Total EUR55M
Steel pipe maker TMK Artrom Slatina (ART.RO) will contract three loans worth a total EUR55 million, from UniCredit Tiriac Bank and Banca Comerciala Romana, to refinance other loans and secur...
BCR Cuts GDP Growth Projection For 2012 By 1% To 2.9%
Banca Comerciala Romana (BCR), the largest bank on the local market, reduced its economic growth forecast for next year by one percentage point, from 3.9% to 2.9%, quoting the outlook of pro...