Romanian Bank Shells Out €315M For Eurobank Units

Romanian bank Banca Transilvania has acquired 99.15 percent of shares owned by Eurobank Group in Bancpost SA and affiliated units for €315 million ($386.8 million) in a deal that will mark Eurobank’s departure from the country, the company said Wednesday, according to Law360.com.

Banca Transilvania acquires Eurobank’s Romanian leasing unit ERB Leasing IFN SA and nonbanking consumer financial institution ERB Retail Services IFN SA, as well as Bancpost. Banca Transilvania will also take over a €80 million subordinated loan for Bancpost.

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