BCR staff to buy shares in December
The second stage in the privatisation of Romania's largest bank, the Romanian Commercial Bank (BCR), namely the sale through direct negotiation of an 8% stake to the bank employees will begin in early December, and is estimated to close in 30 days. The minimal price BCR's employees and retirees will pay cannot be lower than the face value of a BCR share, which amounts to 10,000 ROL
The second stage in the privatisation of Romania’s largest bank, the Romanian Commercial Bank (BCR), namely the sale through direct negotiation of an 8% stake to the bank employees will begin in early December, and is estimated to close in 30 days. The minimal price BCR’s employees and retirees will pay cannot be lower than the face value of a BCR share, which amounts to 10,000 ROL. The first stage will be completed by November 6, when the sale contract for a 25% stake in BCR to the European Bank for Reconstruction and Development (BERD) and the International Finance Corporation (IFC) will actually be signed. ZF
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