Banca Transilvania postpones Vienna share sale for 2011
The bank is focusing on a share-capital increase approved by its shareholders on April 30 and decided to delay the share sale originally planned for this year, Rekkers said in a Bloomberg interview.
Banca Transilvania, whose largest shareholder is the European Bank for Reconstruction and Development with 14.6 percent, plans to increase its share capital by EUR 91.5 million and will probably announce investor subscriptions by the end of the week, Rekkers said.
The capital increase has been challenged in court by Romanian investment fund SIF Banat-Crisana, which is also one of the reasons why the bank postponed the Vienna share sale, according to Rekkers. SIF Banat-Crisana is a shareholder.
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