Eurobank acquires Piraeus Bank in Bulgaria

Eurobank acquires Piraeus Bank in Bulgaria

Published at: 2019-05-14 09:26 | Author: CIJ Serbia
Eurobank has acquired Piraeus Bank Bulgaria in a €75m deal, becoming the fourth biggest lender in the country according to assets. The transaction is expected to close in a month after securing approval from competition authorities and the Bulgarian National Bank. Sale negotiations started at the end of the last year. Eurobank’s market share and portfolio is expected to increase by 10 percent once the deal is finalized. In 2015, Eurobank acquired Alpha Bank’s Bulgarian operations.

Similar Stories:

Pavlovic International Bank got new owners
The Bosnian company Pavgord has teamed up with Serbian-based Galens to acquire 40 percent  »
Tri-C Investments secures financing for Czech residential portfolio
Tri-C Investments has completed a mixed equity/mezzanine financing deal enabling the local  »
OTP sells Express Life Bulgaria to Groupama
Groupama Zhivotozastrahovane, part of Groupama Group, has acquired Express Life Bulgaria f  »
Bosna Bank International opens new branch near Sarajevo
Bosna Bank International opened a new branch in Vogosca near Sarajevo. This is the bank’  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »