* Foundation to sell up to 3.55% stake, keep about 20.2%
* CaixaBank boosts stake to just below 10%
* Erste reaffirms 2012 guidance on operating results
(Adds details and background)
VIENNA, Oct 1 The foundation that is a major
shareholder in Erste Group Bank will sell a stake of
up to 3.55 percent in the Austrian lender, the bank and the
foundation said on Monday.
"The stake in Erste Group controlled by Erste Foundation
after the transaction will amount to an approximate 20.2
percent," a statement said, adding the foundation was not
planning any further share sales.
Goldman Sachs International and Erste Group will act as
joint bookrunners in the accelerated bookbuilt offering to
institutional investors, it added.
"With this transaction Erste Foundation has concluded a
share sale programme which the board ... had decided upon in
spring 2012. The proceeds from the transaction cover the planned
repayment of liabilities of Erste Foundation to its full
extent," it said.
Erste said as well that Spain's CaixaBank, its
second-largest shareholder, had purchased a block of one million
Erste Group shares from the foundation, boosting its stake to
slightly below 10 percent.
"Erste Group reaffirms its guidance for its operating result
and risk provisions which it announced as part of its H1 2012
results presentation," it added.
(Reporting by Michael Shields; Editing by Mark Potter)