SIF
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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...
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.
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...
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...
SIFs At Each Other’s Throats Over BCR
As the date agreed for the floatation of Banca Comerciala Romana (BCR), the largest domestic bank, is drawing near, the row among the regional investment funds (SIFs) is getting fiercer.
Bucharest Shares Hurt Indiscriminately By New Wave Of Declines
On the Romanian bourse, both banks and companies in defensive industries have been hurt by the new wave of stock exchange declines.
SIFs' Net Assets Fall In July To RON7.1B
The cumulated net asset value of Romania’s five regional investment funds, or SIFs, dropped 0.65% in July, to 7.113 billion lei (EUR1.66 billion), from RON7.16 billion at the end of June.
SIF Shareholders Push Ahead With Request For BCR Listing
On Thursday, on the initiative of Ioan Cuzman, president of SIF Banat-Crisana, the management teams of the five regional investment funds (SIF) met the group of shareholders owning 5% in the...