Romanian Banca Transilvania gets appoval to buy Greek Eurobank's Bancpost

Banca Transilvania

16/03/2018 06:42

BUCHAREST, March 16 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX  said on Friday it has received
regulatory approval from the country's competition watchdog and
the central bank to buy Greek Eurobank's  EURBr.AT  Romanian
subsidiary Bancpost.
    "Banca Transilvania estimates that the closing of the
transaction regarding the acquisition of Bancpost will take
place during the first half of April 2018," it said in a
statement.
    Greek banks have been divesting assets and foreign
subsidiaries to focus on their domestic market under a
restructuring drive.
    On Thursday, Romania's central bank said it had rejected
Hungary's OTP Bank's acquisition of Banca Romaneasca from the
National Bank of Greece.  urn:newsml:reuters.com:*:nL8N1QX58G

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters
Messaging: luiza.ilie.thomsonreuters.com@reuters.net))