BBVA sells Romanian banking unit to Raiffeisen
BBVA has agreed to sell its Romanian banking business to Austrian financial group Raiffeisen for 591 million euros ($680 million). The transaction involves BBVA's operations in Romania, which Garanti Bank BBVA manages as part of its Turkish banking network.
Garanti Bank BBVA agrees to sell Romanian unit to Austria's Raiffeisen for 591 mln euros
GDANSK, March 30 (Reuters) - Garanti BBVA (GARAN.IS), opens new tab has agreed to sell its entire Romanian business to Austria's Raiffeisen Bank (RBIV.VI), opens new tab for 591 million euros ($680 million), the Turkish lender said. In a statement to Turkey's Public Disclosure Platform on March 28,
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Read Full ArticleBBVA to Sell Romania Business to Raiffeisen for $680 Million
BBVA's office in Madrid. The bank's Romanian business is the tenth largest financial institution in that country. Susana Vera/Reuters BBVA BBVA -2.10%decrease; red down pointing triangle said it agreed to sell the Romania unit of its Garanti BBVA business to Austria's Raiffeisen RBI -2.30%decrease;
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