February 14, 2018 / 7:03 AM / 9 days ago

Romania's Banca Transilvania starts mandatory tender for 33.2 pct of Moldova's Victoriabank

Feb 14 (Reuters) - Romanian lender Banca Transilvania

* Says will start mandatory public tender offer for shares of minority stakeholders of Moldova’s Victoriabank.

* Says tender applies to remaining 8.3 million shares, or 33.2 percent of total ordinary nominative shares with voting rights.

* Says offered price is 78.21 MDL per share and the mandatory public tender offer is valid for 70 days, during Feb. 14 and April 24.

* Banca Transilvania acquired initial indirect stake of 39 percent last year in Victoriabank, the third largest bank in the Republic of Moldova. (Reporting by Luiza Ilie)

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