Banca Transilvania said it will offer 78.21 MDL per share for taking over a minority stake of 33.23 percent in Victoriabank, the lender based in the Republic of Moldova, wrote  business-review.eu.

“The mandatory public tender offer is targeted exclusively towards the minority shareholders of Victoriabank and it applies to the remaining 8,308,673 shares issued by Victoriabank SA, which constitutes 33.23% of the total number of ordinary nominative shares with voting rights, in accordance with the approval of the National Commission of the Financial Market,” said Banca Transilvania in a statement.

Converted into the Romanian currency, the bank will pay 17.7 RON per share. For the whole stake, BT will offer 147 million RON.

The public tender offer is valid for 70 days, between February 14 and April 24, reported reuters.com.

On Tuesday evening, the closing price for one BT share was up 1.09 percent to 2.3100 RON on the Bucharest Stock Exchange.

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

Banca Transilvania acquired initial indirect stake of 39 percent last year in Victoriabank, the third largest bank in the Republic of Moldova.