Raiffeisen Bank completes acquisition of Garanti BBVA Romania
Raiffeisen Bank announced that it completed the acquisition of 100% of Garanti BBVA Romania Group after receiving all required regulatory approvals. The transaction covers Garanti Bank, financial leasing company Motoractive IFN, and operational leasing company Motoractive Multiservices. The acquisition brings Garanti BBVA Romania into Raiffeisen Bank International Group and begins preparations for its merger with Raiffeisen Bank Romania. Until the legal merger and subsequent operational migration are completed, the two banks will continue to operate separately, Raiffeisen said. Existing…
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[Claude] Both report Raiffeisen completing its 100% acquisition of Garanti BBVA Romania after regulatory approvals, with no conflicting facts.
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