In other words, the state-run bank is valued at about RON1.3 billion. Romania’s Finance Ministry and the other SIFs will hold the remaining shares (95.3% and 0.3% to 0.4%).
On July 26, the company asked the bank to pay the amount of RON42.4 million, representing the value of 4,364,430 shares held by SIF Oltenia at the price set by the valuation report. SIF Oltenia held 3.2702% in EximBank in the first quarter, which values the bank at about RON1.3 billion.
SIF Oltenia has a capitalization of RON965 million and its shares have gained 15% this year.
(English version by Loredana Fratila-Cristescu)