Hungary's OTP to sell Romanian unit to Banca Transilvania - Bloomberg

Banca Transilvania

22/01/2024 15:17

BUDAPEST, Jan 22 (Reuters) - Hungary's largest lender
OTP Bank  OTPB.BU  is on track to sell its Romanian unit to
Banca Transilvania  ROTLV.BX , Bloomberg reported on Monday,
citing people familiar with the talks.
    The transaction is expected to take place in the first
quarter, it said. 
    OTP declined to comment. Banca Transilvania did not
immediately respond to an emailed request for comment.

 (Reporting by Boldizsar Gyori and Anita Komuves; Editing by Jan
Harvey)
 ((Boldizsar.Gyori@thomsonreuters.com;))