Romanian Banca Transilvania Delays Vienna Share Sale Until 2011
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Banca Transilvania SA, Romania’s second-largest publicly traded bank, has postponed its plan to sell shares on the Vienna Stock Exchange until next year, Chief Executive Officer Robert C. Rekkers said.
The bank, based in Cluj-Napoca, Romania, is focusing on a share-capital increase approved by its shareholders on April 30 and decided to delay the share sale originally planned for this year, Rekkers said in an interview in Bucharest yesterday.