Bloomberg News

Sif 3 Shareholders Approve Minority Stake Sale in BCR to Erste

October 31, 2011

Oct. 31 (Bloomberg) -- Shareholders of SIF Transilvania SA, a Romanian investment fund, approved the sale of a minority stake in Banca Comerciala Romana SA to Erste Group Bank AG as part of a buyout agreement, according to a filing to the Bucharest Stock Exchange.

The fund will get cash for about 136 million BCR shares and

will swap 515 million BCR shares with Erste shares, it said.

To contact the reporter on this story: Andra Timu at atimu@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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