SIF Moldova takes part in capital increase

SIF Moldova has recently subscribed 14.66 million RON (4.75 million dollar) worth of BancPost shares, during the capital increase operation of this bank, a SIF Moldova notification sent to the Bucharest Stock Exchange shows. The number of shares subscribed amounted to 12,859,303, with the price paid by SIF Moldova per BancPost share standing at 1.14 RON. The BancPost shareholders decided at the end of November to increase the share capital by 45.09 million RON to 201.85 million RON by contribution in cash from shareholders. The operation entails issuing 250.48 million shares whose par value stands at 0.18 RON. The majority shareholder of BancPost is Greece-based Eurobank EFG, which owns 62.7% in it. The rest of the shares are held by the European Bank for Reconstruction and Development, International Finance Corporation (World Bank”s investment and consultancy arm) – 7.28% each, the employees of the Romanian lender and SIF Banat-Crisana, SIF Moldova, SIF Transilvania and SIF Oltenia, with a total of 22.7%. The three SIFs hold 5.13% in the bank each. ZF