A group of minority shareholders is asking UniCredit Ţiriac Bankfor the possibility of listing the 4.5% stake in the lendinginstitution's capital held by minority shareholders on brokers'alternative trading system (Romanian Over the Counter-ROTC), inorder to give the over 4,000 historic shareholders the chance ofexiting the shareholder structure.
The several thousand people that in the early '90s subscribed cashin the setting up of Ţiriac commercial bank have now become"captive" shareholders, considering that since acquiring the bankin 2006, the majority shareholder, UniCredit Bank of Austria, didnot come up with any tender offer for them, and selling the shareson the free market is difficult as the bank is not listed.
A solution that could solve this situation amiably, consideringsome shareholder chose to go to court to recoup their damages, isfor the 4.5% stake in UniCredit Ţiriac held by minorityshareholders to be listed on the ROTC, believes Maniu CostelPopescu, a shareholder in the bank.
"(...) We've talked with the bank representatives and they answeredus they were analysing our demands," Maniu Costel Popescu said.
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