Erste To Buy 24% In BCR From 4 SIFs For About EUR435M

09.14.2011 ZF English

Austrian lender Erste Group Bank (EBS.RO) Wednesday said it will acquire 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of the five regional investment funds (SIFs).

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Keywords:: ERSTE; , BCR; , INVESTMENT FUNDS; , SIFS

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