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February 26, 2021

SIF Banat – Crisana sold Bancpost shares

SIF Banat – Crisana (SIF1) sold last week to the major shareholder of Bancpost, EFG Eurobank, the participation it owned in the bank, accounting for 3.49 per cent of the equity capital, and the securities to be received following the capitalization of the issuance bonus, against EUR 12.75 M, Mediafax informs. Following this, EFG participation advanced to 91.71 per cent of the capital. SIF Oltenia (SIF 5) sold, last week, to EFG Eurobank, a similar participation, against EUR 12.1 M. on Thursday, SIF Transilvania (SIF 3) gave to EFG 3.49 per cent of Bancpost capital and the securities to receive for a capital raise, against EUR 12.7 M. the price charged by SIF Banat – Crisana, EUR 0.1668 per share, is over the quotation received by SIF Oltenia, EUR 0.159 per share. The financial investment company SIF Banat – Crisana shall receive, following the exit from the bank’s shareholders, EUR 12.7 M in two installments. Thus, SIF 1 shall receive EUR 9.6 M in maximum three working days, the balance remaining to be paid on October 1. SIF Banat–Crisana sold the 57.7 million shares it controlled in Bancpost and a stock of 18.6 million shares, which it would have received within a capital raise. The four SIF shareholders in Bancpost informed this February that they would not participate in the raise of the bank capital, and banking sources said that the investment companies were discussing as to the exchange of the institution’s shares against securities of EFG Eurobank group.

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