The shareholders of SIF "Moldova" are interested first and foremost in the listing of BCR, whereas other alternatives, such as selling their shares or exchanging them for shares of Erste Bank, represent more of a "plan B" for them, as shown by their decisions in the Ordinary General Shareholder Meeting, which was held on Saturday: they have empowered the Board of Directors to demand that Erste and BCR begin the process for listing BCR on the Bucharest Stock Exchange.
The members of the Board of Directors of SIF2 have also been empowered to request the convening of a General Shareholder Meeting of BCR, which would have on the agenda the listing of the bank on the Bucharest Stock Exchange, in which the shareholders would vote in favor of this proposal.
The Board of Director of SIF2 has also been empowered to negotiate other solutions for liquidizing the shares of BCR, if the listing weren"t possible due to reasons outside of the control of SIF2.
The decisions of SIF2 are different from the ones made by SIF "Muntenia", where, on Thursday, the shareholders only mentioned the listing of BCR as a way to escape the deadlock, if the negotiations with Erste aren"t completed, through "another method of liquidating the stake of the company in BCR" (meaning that in exchange for the shares it owns in BCR, SIF4 would receive cash and shares of EBS).
Contrarily to the shareholders of SIF2, those of SIF4 have agreed that they would only demand the listing of BCR if the negotiations weren"t finished by October 13th.
As the interest in having the bank listed seems to be waning from one day to the next, on Friday, at the General Shareholder Meeting of SIF "Oltenia", the shareholders have rejected the items on the agenda which concerned the beginning of the steps for taking BCR public and have empowered the management of the SIF to negotiate with "Erst
