Greece's Eurobank close to deal to sell Romanian assets to Banca Transilvania

Banca Transilvania

10/11/2017 08:47

ATHENS, Nov 10 (Reuters) - Greece's Eurobank  EURBr.AT  said 
it is close to finalising a deal to sell its Romanian 
subsidiaries to Banca Transilvania  ROTLV.BX . 
    The potential sale is part of a restructuring plan agreed by 
Greece's third largest lender with European Union authorities, 
and includes Romanian units Bancpost, ERB Retail Servces IFN and 
ERB Leasing IFN. 
    Eurobank said it hopes to sign an agreement at the end of 
November.  
    Greek banks have been divesting assets and foreign 
subsidiaries to focus on their domestic market under a 
restructuring drive approved by European authorities as part of  
Greece's multi-billion euro bailout. 
    "Parties are completing final formalities for the signing of 
an agreement," Eurobank said in an Athens Stock Exchange filing. 
 
     
 
 (Reporting By Michele Kambas; Editing by Susan Fenton) 
 ((michele.kambas@thomsonreuters.com;)) 
 
Keywords: EUROBANK ROMANIA/