EnglishBanca Transilvania bought 10% in BT Asigurari, a member of Banca Transilvania Group, from SIF Banat Crisana for 5.64 million EUR (6.75 million shares), according to an announcement to the Bucharest Stock Exchange (BSE). Following the transaction, SIF Banat Crisana is no longer a shareholder in BT Asigurari. Banca Transilvania has announced plans to buy another 0.0832% in BT Asigurari from a number of individuals to consolidate their 89.97% in the insurer in order to possibly sell it as a whole. Banca Transilvania has some 410 branches and 5,200 employees.
Banca Transilvania Buys 10% in BT Asigurari
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Ziarul BURSA #English Section / 4 octombrie 2007
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