Societe Generale paid RON11.5 per share, up 4.84% from RON10.8 per share at Monday’s closing.
Tuesday, BRD closed up 0.46% on the day at RON11.02 per share in Bucharest.
BRD’s financial market division brokered the deal.
Societe Generale owns 58.32% in BRD, while Romania’s five regional investment funds SIFs hold together a 21.8% stake. (EUR1=RON4.2597)