SIFs to receive a sweetened deal for BCR

SIF4 will receive RON 70 mn as cash in 2011 which means an after-tax gain of RON 51.6 mn. Thus, the final deal is improved by around 3% and it adds around 3% to the expected 2011 dividend yield. The Erste Group shares component which accounts for around 75% of the entire deal remained the same. We remind that the agreement in principle from September stipulated that Erste Group would offer the same conditions to each SIF, meaning that all SIFs will get a better deal.

Articole similare