Intesa closer to taking over First Bank in Romania

Italian group Intesa is getting closer to reaching an agreement with the American investment fund JC Flowers for the acquisition of First Bank – a transaction that, if completed, would bring Intesa into the top ten on the Romanian banking market, according to Romania-Insider.com.

According to some banking sources quoted by Ziarul Financiar, the negotiations lead to an agreement between the two parties.

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