ERSTE BANK’S SHARE offer in late January, lead managed by Goldman Sachs and JPMorgan, raised €2.6 billion, making it the biggest capital markets transaction ever in Austria. The capital was raised mainly to finance Erste Bank’s €3.7 billion acquisition of a 62% stake in Banca Comerciale Romana, the largest bank in Romania, in December.
Some analysts thought that investors might baulk at such a big offering, more than twice as big as the previous largest, the €1.1
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