Last week, the fund announced it received 123.6 million lei (EUR28.5 million) for a stake of 1.26% in BCR. Following the deal announced today, the fund has exited the bank’s ownership structure.
The first SIF to complete a similar operation was SIF Transilvania (SIF3.RO).
SIF Moldova received 4.02 million shares in Erste.
After taking over SIF Moldova’s stake, Erste controls 87% of BCR.