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SIF Banat-Crisana agrees to Board changes

In a release to the Bucharest Stock Exchange (BVB), SIF Banat Crisana (SIF1) announced that it currently negotiates a legal deal with the group of investors that have contested last year the resolutions of the Annual Shareholders Meeting of SIF1.

According to local media, citing sources close to negotiations, SIF1 has offered three seats in its Board to the group of investors gathered around Banca Transilvania (TLV), which together control a stake of roughly 16.5% in SIF1. These changes could be approved in the next Shareholders Meeting scheduled sometime in April. We consider the changes in SIF1 Board as positive and we expect a positive market reaction. In addition, we view as positive the ending of the legal conflict between the SIF1 current management and a significant group of shareholders.We consider the changes in SIF1 Board as positive and we expect a positive market reaction. In addition, we view as positive the ending of the legal conflict between the SIF1 current management and a significant group of shareholders.

Sursa: http://www.rciro.ro

Tags: sif positive changes board bvb

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