Romania\u2019s Competition Council has authorized the transaction through which Banca Transilvania intends to take over the local companies controlled by Hungarian group OTP – OTP Bank Romania, OTP Leasing Romania IFN, OTP Asset Management Romania, OTP Factoring, and its subsidiaries, OTP Consulting Romania, OTP Advisors, and OTP Bank Romania Foundation.\u00a0<\/p>\n
Banca Transilvania (BVB: TLV) is the biggest financial group in Romania by assets, and with this transaction will consolidate its position and increase its market share to almost 23%.\u00a0<\/p>\n
\u201cFollowing the analysis, the Competition Council found that this operation does not raise significant obstacles to effective competition on the Romanian market or a substantial part of it and that there are no serious doubts regarding its compatibility with a normal competitive environment,\u201d the watchdog said in a press release.\u00a0<\/p>\n
Banca Transilvania and OTP group announced the transaction in February 2024. The value of the deal is EUR 347.5 mln.<\/p>\n
andrei@romania-insider.com<\/p>\n
(Photo source: OTP Bank)<\/p>","protected":false},"excerpt":{"rendered":"
Romania\u2019s Competition Council has authorized the transaction through which Banca Transilvania intends to take over the local companies controlled by Hungarian group OTP – OTP Bank Romania, OTP Leasing Romania IFN, OTP Asset Management Romania, OTP Factoring, and its subsidiaries, OTP Consulting Romania, OTP Advisors, and OTP Bank Romania Foundation.\u00a0 Banca Transilvania (BVB: TLV) is […]<\/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-906","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/906","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=906"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/906\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}