Banca Transilvania expects to complete Volksbank deal in April

Banca Transilvania

17/03/2015 16:55

BUCHAREST, March 17 (Reuters) - Romania's Banca Transilvania 
(BT)  ROTLV.BX , the country's third-biggest bank, said on 
Tuesday it expected a deal to purchase Austrian lender 
Volksbanken AG's Romanian business to be finalised by the first 
half of April.   
    "Banca Transilvania SA has received the necessary approvals 
from the National Bank of Romania and the Competition Council in 
regard to the purchase of Volksbank Romania," it said in a 
statement. 
 
 (Reporting by Radu Marinas) 
 ((radu.marinas@thomsonreuters.com; +40 21 305 5263; Reuters 
Messaging: radu.marinas.thomsonreuters.com@reuters.net)) 
 
Keywords: VOLKSBANKEN M&A/BANCA TRANSILVANIA