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 of 2022, which brings the bank’s valuation to about RON1.3 billion.
Previously, the Extraordinary General Meeting of EximBank Shareholders on June 6, 2022 approved the merger by absorption between EximBank (absorbing company) and Banca Romaneasca (absorbed company) and the Merger Project published in the Official Gazette of Romania, Part IV, no.1791 of April 28, 2022. The acquisition of Banca Romaneasca is a first in the history of banking in Romania, being the first time that a state-owned bank buys a private bank with foreign capital.
(English version by Loredana Fratila-Cristescu)