A private foundation, Die Erste Privatstiftung, sold 2.4 million shares or 1% of Erste Bank’s total outstanding shares, at EUR 32.75 per share. Citigroup placed the shares in London. Source: Bloomberg. No share overhang was created as the placement was oversubscribed.
Separately, Ceska sporitelna, Erste Bank's 98% subsidiary, announced that it has prepared a new capital markets strategy as of 4Q04 assuming controlled cooperation between capital markets activities. According to the bank, the strategy reflects customers' growing demands for these kinds of services.
Tomáš Gatěk, Patria Finance