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Banca Transilvania to complete Bancpost takeover of H1 of April

By Anca Bernovici On Mar 16, 2018

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Banca Transilvania will start the specific procedures for finalizing the transaction with Eurobank Group regarding the acquisition of Bancpost shares, according to an announcement published on the Bucharest Stock Exchange (BVB) website.

”Banca Transilvania has received the necessary approvals from the National Bank of Romania (BNR) and the Competition Council in regard to the acquisition of the majority holding of 99.15 percent owned by Eurobank Group in the capital of Bancpost as well as the acquisition of holdings in the capital of the Romanian companies which are part of the Eurobank Group, namely ERB Retail Services IFN SA and ERB Leasing IFN SA,” the source reads, adding: ”Moving forward, we will begin the other legal procedures required to finalize the transaction with Eurobank Group.”

Banca Transilvania estimates that the closing of the transaction regarding the acquisition of Bancpost will take place during the first half of April 2018.

After the transaction is finalized, BT will be a Bancpost shareholder with full powers, at which time the integration of Bancpost in the Banca Transilvania’s structure will commence.

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Banca Transilvania Bancpost Bancpost takeover Eurobank Group National Bank of Romania (BNR)

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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