Thus, Banca Transilvania increased its holding in BT AM to 99.99% from 89.9%. The lender did not disclose the value of the transaction.
BT AM is one of the biggest mutual fund managers in Romania, managing assets of RON4.5 billion.
Per first-quarter data, at end-March 2021, SIF Banat-Crisana is the largest regional investment fund listed on the stock market, in terms of market value, relative to trading prices of August 27, 2021.
SIF Banat-Crisana has a stock market capitalization of nearly RON1.4 billion and its shares have been growing 18% since the beginning of 2021, amid deals worth RON34 million.