A group of minority shareholders is asking UniCredit Țiriac Bank
for the possibility of listing the 4.5% stake in the lending
institution’s capital held by minority shareholders on brokers’
alternative trading system (Romanian Over the Counter-ROTC), in
order to give the over 4,000 historic shareholders the chance of
exiting the shareholder structure.
The several thousand people that in the early ’90s subscribed cash
in the setting up of Țiriac commercial bank have now become
“captive” shareholders, considering that since acquiring the bank
in 2006, the majority shareholder, UniCredit Bank of Austria, did
not come up with any tender offer for them, and selling the shares
on the free market is difficult as the bank is not listed.
A solution that could solve this situation amiably, considering
some shareholder chose to go to court to recoup their damages, is
for the 4.5% stake in UniCredit Țiriac held by minority
shareholders to be listed on the ROTC, believes Maniu Costel
Popescu, a shareholder in the bank.
“(…) We’ve talked with the bank representatives and they answered
us they were analysing our demands,” Maniu Costel Popescu said.
ZF English
UniCredit Țiriac Bank minority shareholders call for listing on brokers' alternative system
group of minority shareholders is asking UniCredit Țiriac Bank for the possibility of listing the 4.5% stake in the lending institution's capital held by minority shareholders on brokers' alternative trading system (Romanian Over the Counter-ROTC), in order to give the over 4,000 historic shareholders the chance of exiting the shareholder structure.
