OTP looking at Moldavia's Mobiasbanca

OTP looking at Moldavia's Mobiasbanca

Published at: 2019-02-07 09:55 | Author: CIJ Serbia
Hungarian OTP Bank is considering whether to acquire a majority share in Mobiasbanca in Moldova from Societe Generale. According to Moldavian media, a preliminary contract could be be signed in a matter of days. Societe Generale owns 67.85 percent in Mobiasbanca, while Romanian-based BRD bank has 20 percent and the EBRD holds 8.84 percent. OTP bought Societe Generale units in Bulgaria and Albania last summer while Societe Generale in Serbia announced that it will sell its units to OTP in December.

Similar Stories:

Related Companies names David Zussman new CFO
David Zussman was promoted to CFO of The Related Companies. Zussman will oversee Related† »
Stone Point Capital buying Rialto Investment and Asset Management
An investment fund managed by Stone Point Capital signed a contract to buy Rialto Investme  »
J.T. Straub joins ACM’s real estate securities team as director
J.T. Straub was named director within AEW Capital Management’s real estate securities te  »
Jeff Gersh joins Trez Forman Capital Group as senior VP of finance
Jeff Gersh was named senior vice president of finance at Trez Forman Capital Group. In his  »