SIF Transilvania confirmed the information in a statement issued later Monday.

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 Transilvania is the second fund to sign the deal, after SIF Muntenia (SIF4.RO).

The four SIFs negotiated a higher price for their shares in BCR compared with the one offered by Erste in the September agreement. Initially, Erste offered RON0.1 a share, but the price was subsequently raised to RON0.5 a share.