The European Bank for Reconstruction and Development (EBRD) sold a 1.7% stake in Banca Transilvania (BVB: TLV), Romania’s biggest lender, for RON 411 mln (EUR 82.5 mln).\u00a0<\/p>\n
After this transaction, the EBRD still holds a 5.2% stake in the Romanian group.\u00a0<\/p>\n
“By reducing its stake, the EBRD is helping to increase the liquidity of Banca Transilvania shares on the Bucharest Stock Exchange. As a continuing shareholder, the EBRD remains confident of Banca Transilvania’s future prospects and will continue to support Banca Transilvania’s future development,” the EBRD said in a statement.\u00a0<\/p>\n
The share sale was carried out through an accelerated book build (ABB) transaction on the Bucharest Stock Exchange, which was managed by Citigroup, Wood & Company, and Auerbach Grayson & Company.\u00a0<\/p>\n
EBRD has been a shareholder of Banca Transilvania since 2001 when it acquired a 15% stake to strengthen its capital base and support the expansion of its activities and loan portfolio. Since then, Banca Transilvania has turned from a regional bank into the biggest financial group in Romania, with a market capitalization of EUR 5.2 bln.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Banca Transilvania)<\/em><\/p>","protected":false},"excerpt":{"rendered":" The European Bank for Reconstruction and Development (EBRD) sold a 1.7% stake in Banca Transilvania (BVB: TLV), Romania’s biggest lender, for RON 411 mln (EUR 82.5 mln).\u00a0 After this transaction, the EBRD still holds a 5.2% stake in the Romanian group.\u00a0 “By reducing its stake, the EBRD is helping to increase the liquidity of Banca […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-688","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=688"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/688\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}