Erste Group’s ownership in BCR increases to 93.27 pc

Erste Group Bank AG (Erste Group) increases its ownership in BCR from 93.04 pc to 93.27 pc or by 34.5 million shares following another share purchase offer made to the BCR minority shareholders other than the SIFs, a press release informs. The offer was valid February 06, 2012 until May 25, 2012 with the offered price per share held by minority shareholders of approximately 0.25 EUR. In the next few weeks late coming acceptance letters from minority shareholders will be considered and accepted. The very good acceptance rate (60.54 pc of all minority shares were sold) shows that the offer was deemed fair and attractive by the minority shareholders. Total investment of Erste for this offer amounts to approximately EUR 8.4 million and reconfirms Erste Group commitment towards BCR and Romania.

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