Raiffeisen reportedly close to taking over Garanti Bank Romania
Raiffeisen Bank is close to acquiring Garanti BBVA Romania from Spanish banking group BBVA, according to sources cited by Profit.ro. The Austrian lender’s offer is currently preferred by the seller and may be designated the winning bid if…
iulian ernst · Journalist
· Updated · 2 min read
Raiffeisen Bank is close to acquiring Garanti BBVA Romania from Spanish banking group BBVA, according to sources cited by Profit.ro. The Austrian lender’s offer is currently preferred by the seller and may be designated the winning bid if the deal is finalised and receives approval from Romania’s central bank and competition authority.
Three banks - Raiffeisen Bank, ING Bank, and Intesa Sanpaolo - were interested in the acquisition, with February 13 set as the deadline for submitting offers.
