Erste Group Bank AG cancelled the acquisition of remaining 6.43% stake in Banca Comerciala Romana S.A. from SC Yoyo Impex SRL, SC Cozamin SRL, EGB Ceps Holding GmbH and others.
September 06, 2013 at 12:00 am EDT
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Erste Group Bank AG (WBAG:EBS) made an offer to acquire the remaining 6.73% stake in Banca Comerciala Romana S.A. from SC Yoyo Impex SRL, SC Cozamin SRL, EGB Ceps Holding GmbH and others for approximately RON 670 million on September 6, 2012. Erste Group Bank AG will acquire the stake from the minority shareholders at an offer per share of RON 0.92. The buyout offer will stand between September 6, 2012 and October 26, 2012.
As of March 11, 2013, Erste Group Bank AG (WBAG:EBS) made an offer to acquire the remaining 6.43% stake in Banca Comerciala Romana S.A. from SC Yoyo Impex SRL, SC Cozamin SRL, EGB Ceps Holding GmbH and others for approximately RON 520 million. The offer, which excludes the government investment fund, or SIF, has been launched with an initial price of RON 0.75 per share. The initial price is valid from March 8, 2013 through June 30, 2013, and is subject to quarterly adjustments.
Erste Group Bank AG (WBAG:EBS) cancelled the acquisition of remaining 6.43% stake in Banca Comerciala Romana S.A. from SC Yoyo Impex SRL, SC Cozamin SRL, EGB Ceps Holding GmbH and others on September 6, 2013.
Erste Group Bank AG is one of the leading Austrian banking groups. Net interest income by activity breaks down as follows:
- retail banking (42.4%);
- corporate banking (24.7%)
- investment, finance and market banking (8.4%);
- other (24.5%).
At the end of 2022, the group was managing EUR 222.6 billion in current deposits and EUR149.3 billion in current loans.
Products and services are marketed through a network of 2,029 branches located in Austria (797), Czech Republic (398), Romania (321), Slovakia (190), Croatia (133), Hungary (102) and Serbia (88).
Net interest income breaks down geographically as follows: Austria (44.7%), Europe (52.8%) and other (2.5%).
Erste Group Bank AG cancelled the acquisition of remaining 6.43% stake in Banca Comerciala Romana S.A. from SC Yoyo Impex SRL, SC Cozamin SRL, EGB Ceps Holding GmbH and others.
ERSTE GROUP BANK AG 
