Brief: Banca Transilvania closes deal to buy Eurobank's Romanian unit

Banca Transilvania

04/04/2018 06:56

April 4 (Reuters) - Romania's Banca Transilvania (BT)
 ROTLV.BX  
    * BT says signed documents on April 3 to close a transaction
to
acquire 99.15 percent owned by Greece's Eurobank Group
 EURBr.AT  in the capital of Bancpost S.A.
    * As a result of the deal, BT will acquire holdings in the
companies which are part of the Eurobank Group in Romania,
namely ERB Retail Services IFN SA and ERB Leasing IFN SA.
    * Banca Transilvania has acquired Bancpost for 178.67
million
euros. As part of the transaction, BT has taken over a
subordinated loan of 80 million owed by Bancpost to its former
majority shareholders.
    * Says that for ERB Retail Services IFN, Banca Transilvania
has
paid 40.42 million euros, while for ERB Leasing IFN a total of
6.79 million.
    * Greek banks have been divesting assets and foreign
subsidiaries
to focus on their domestic market under a restructuring drive.



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