Wealth and Asset Management
Raiffeisen to buy BBVA’s Romanian unit in €591m deal
Garanti BBVA has agreed to sell its entire Romanian business to Austria’s Raiffeisen Bank for €591 million, marking a strategic reshaping of both lenders’ positions in eastern Europe. The Turkish lender said on 28 March its board had approved the share purchase agreement, covering full stakes in Garanti Bank S.A….
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