Erste, majority owner of BCR, said in September it has reached an agreement in principle with four of the five minority holders SIFs to acquire 24.12% in BCR for EUR435 million in cash and stock via a series of transactions.
SIF Muntenia is the first fund to sign the final deal.
Under the agreement reached in September, SIF Muntenia stands to receive EUR26 million in cash and another EUR68 million in Erste shares.