The National Bank of Romania (BNR) approved the acquisition of Porsche Bank Romania SA by businessman Dan Ostahie, the owner of IT&C retailer Altex, the company announced.<\/p>\n
BNR approved the direct acquisition by Dan Ostahie (90.10%) and Real Estate Srl (9.89%) of 100% of the social capital and voting rights of Porsche Bank Romania.<\/p>\n
The agreement doesn\u2019t cover the transfer or use of the brand Porsche Bank. The bank\u2019s new name will be Credex Bank.<\/p>\n
The transaction is to be completed by the end of July of this year, and the bank will remain operational throughout and after being taken over by the new shareholder.<\/p>\n
The Competition Council approved the transaction in June 2022<\/a>.<\/p>\n Ostahie controls the IT and appliances retailer Altex, which has a network of some 130 stores across the country. The group also includes the non-bank financial institution Credex.<\/p>\n (Photo:\u00a0Vitezslav Vylicil<\/a>\u00a0|\u00a0Dreamstime.com<\/a>)<\/em><\/p>\n simona@romania-insider.com<\/em><\/p>","protected":false},"excerpt":{"rendered":" The National Bank of Romania (BNR) approved the acquisition of Porsche Bank Romania SA by businessman Dan Ostahie, the owner of IT&C retailer Altex, the company announced. BNR approved the direct acquisition by Dan Ostahie (90.10%) and Real Estate Srl (9.89%) of 100% of the social capital and voting rights of Porsche Bank Romania. The […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-584","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=584"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/584\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}