BRD pays 8m euros for 20% in Mobiasbanca
22 July 2008
BRD invested almost 8 million euros to become shareholder of Mobiasbanca, the fifth leading lender in Moldova, getting a 20% stake as a result of its participation to a capital increase worth 11.5 million euros. Another bank besides BRD that bought into this lender is EBRD, whose stake stands at 8.84%.
Mobiasbanca became a member of the Societe Generale Group in January 2007, when the French bought 70.57% in the Moldovan bank for 18.4 million euros. After a capital increase in which BRD and EBRD participated, SocGen's stake went down to 67.85%, with 3.31% going to some minority shareholders. Mobiasbanca is listed on Moldova's Stock Exchange.
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