Romania’s Banca Transilvania is holding negotiations to buy Austrian group Volksbanken’s Romanian subsidiary.
Banca Transilvania in an announcement on the Bucharest Stock Exchange (BVB) said, “A possible decision regarding the successful completion of the Volksbank talks will be announced after all legal steps have been done and all approvals obtained.
Go deeper with GlobalData
“Bank officials are confident about formalizing a future acquisition of a bank or loan portfolios that will add value to the bank.”
Volksbank, which has nearly EUR2.9bn in assets, is 51% owned by Volksbanken, which is currently grappling with problems after it failed recent stress test conducted by the European Central Bank.
While, French group BPCE and German groups DZ Bank and WGZ Bank hold remaining 49% stake.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
