Foundation slashes Erste Bank stake

The foundation shareholder of Erste Group Bank said on Thursday that it had sold a stake in the bank worth around €210m.

  • By Andrew Griffin
  • 05 Dec 2013

Erste Stiftung sale of 8.5m shares, around 2% of the bank, takes the foundation down to 21.7%. The shares closed at €24.96 on Wednesday.

The shares were sold to a limited number of investors through a private placement, the foundation said.

The foundation has agreed to a 90 day lock-up.


Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.