{"id":50618,"date":"2011-09-18T12:30:00","date_gmt":"2011-09-18T12:30:00","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=50618"},"modified":"2026-04-03T05:41:28","modified_gmt":"2026-04-03T05:41:28","slug":"sif-urile-isi-pot-vinde-imediat-cate-un-sfert-din-actiunile-obtinute-de-la-erste","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=50618","title":{"rendered":"SIF-urile \u00ee\u015fi pot vinde imediat c\u00e2te un sfert din ac\u0163iunile ob\u0163inute de la Erste"},"content":{"rendered":"<p>Suma oferit\u0103 de Erste SIF-urilor pentru a renun\u0163a la cota lor de 24,12% din BCR, respectiv la 2.618.286.036 ac\u0163iuni, este de 435 mil. euro (105 milioane \u00een numerar \u015fi 330 de milioane \u00een ac\u0163iuni Erste). Cu aceasta, participa\u0163ia Erste la BCR cre\u015fte la 93,5%, \u00een cea mai important\u0103 tranzac\u0163ie a ultimilor ani cu impact pe pia\u0163a de capital.<\/p>\n<p>Ca atare, grupul Erste a realizat ceea ce a anun\u0163at c\u0103 \u015fi-a propus, respectiv s\u0103 evite listarea BCR la Bursa de Valori \u00een acest an, din motivul expus de \u015feful grupului, Andreas Treichl, conform c\u0103ruia ac\u0163ionarii apreciaz\u0103 structura simpl\u0103 a ac\u0163ionariatului, cu nicio subsidiar\u0103 din str\u0103in\u0103tate listat\u0103.<\/p>\n<p>&#8220;Pe baza mediei din ultima lun\u0103 a pre\u0163ului ac\u0163iunilor Erste Group de 25,69 de euro, tranzac\u0163ia evalueaz\u0103 BCR la un multiplu al capitalului propriu (raportul \u00eentre pre\u0163ul ac\u0163iunii \u015fi valoarea contabil\u0103) de 1,26, la nivelul evalu\u0103rii bursiere a b\u0103ncilor din Rom\u00e2nia \u015fi Europa Central\u0103 \u015fi de Est&#8221;, arat\u0103 BCR.<\/p>\n<p>Faptul c\u0103 SIF Moldova s-a ab\u0163inut \u00een prim\u0103 instan\u0163\u0103 s\u0103 accepte oferta Erste, consider\u00e2nd pre\u0163ul dezavantajos, e doar un detaliu, \u00eentruc\u00e2t SIF-urile au acceptat \u00eenc\u0103 din 2009, c\u00e2nd au acceptat am\u00e2narea cu doi ani a list\u0103rii BCR la BVB (cum ar fi cerut-o contractul de privatizare), clauza ce prevede c\u0103 SIF-urile, ca ac\u0163ionari minoritari, nu pot obliga Erste s\u0103 listeze BCR dec\u00e2t dac\u0103 o solicit\u0103 toate cinci.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cele patru SIF-uri care au acceptat s\u0103-\u015fi v\u00e2nd\u0103 participa\u0163iile la BCR c\u0103tre grupul Erste \u00ee\u015fi pot vinde imediat doar un sfert din ac\u0163iunile Erste ob\u0163inute \u00een cadrul tranzac\u0163iei, iar restul de trei sferturi dup\u0103 6, 12, respectiv 18 luni de la data cump\u0103r\u0103rii, prev\u0103d termenii tranzac\u0163iei.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[511],"tags":[7172,8898,5078,148,7930,7364,7223,7411,400],"class_list":["post-50618","post","type-post","status-publish","format-standard","hentry","category-afaceri","tag-actiuni","tag-andreas-treichl","tag-bcr","tag-bvb","tag-erste","tag-listare","tag-piata-de-capital","tag-sif","tag-tranzactie"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50618"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50618\/revisions"}],"predecessor-version":[{"id":67625,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50618\/revisions\/67625"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}