Eurobank officially takes over Banc Post

Greece’s EFG Eurobank Ergasias took over the 17% stake that Banco Portugues de Investimento (BPI) used to hold in Romanian bank Banc Post. Following the transaction, the Greeks officially took control of Banc Post, coming to own 53% in the bank. The other Banc Post shareholders are GE Capital – 8.5%, the five financial investment companies (SIF) – 30% (each holding 6%), as well as the bank’s employees and pensioners, who control 8%. The shareholding structure will also comprise the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD), which will convert two $8m loans into shares. ZF