ERSTE
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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...
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...
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...
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...
MedLife Borrows EUR40M From IFC, Erste To Fund Network Expansion
Romanian private healthcare operator MedLife on Tuesday signed a syndicated loan agreement worth EUR40 million with the International Finance Corporation (IFC) and Erste Group Bank to financ...
Erste: We Financed Your Deficit Because We Had A Strategic Interest In Romania
The strategic interest of Austria’s Erste Group in Romania allowed the government to get financing at good rates, says Manfred Wimmer, chief financial officer of Austrian group that controls...
BCR: In 2009, Erste Share Price Fell To EUR7 And Had No Negative Impact On Us
All mother groups of the Romanian top 10 banks have seen their share prices plummet over the past week, with lending institutions being indirectly hurt by the sovereign debt crisis.