SIF Oltenia – Chairman’s statements regarding BCR
Raiffeisen Capital & Investment - 20 Decembrie 2011
The CEO and Chairman of SIF Oltenia (SIF5), Mr. Ciurezu, has been quoted in the local media trying to explain the rationale of SIF5 subscribing to BCR's EUR 138 mn share capital increase.
The CEO said that BCR has remained an interesting investment opportunity. SIF5, which signed the agreement in principle with Erste Group to sell its BCR stakes, is currently the only SIF which did not sign the effective contract to sell/swap its BCR stake. The CEO also said that SIF5 was currently negotiating with Erste Group, trying to obtain better terms but its bargaining power is now significantly lower. Moreover, the new shares from the share capital increase are not yet covered by the initial agreement in principle.
Sursa: http://www.rciro.ro
Tags: sif
bcr
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