OTP sells Express Life Bulgaria to Groupama

OTP sells Express Life Bulgaria to Groupama

Published at: 2019-07-12 10:25 | Author: CIJ Serbia
Groupama Zhivotozastrahovane, part of Groupama Group, has acquired Express Life Bulgaria from OTP Bank’s local unit, Expressbank. The price of the deal was not disclosed. The transaction is expected to close in the coming months after it gains regulatory approval, OTP said in a statement. Societe Generale Expressbank was renamed Expressbank earlier this year after DSK Bank, a unit of OTP, finalized its acquisition of the lender.

Similar Stories:

Slovenian bank to buy Serbia's No. 2 lender Komercijalna Banka
The Serbian government is being criticized for its moves to sell off Komercijalna Banka to  »
Cordia plans to buy remaining 34.34% of Polnord
Cordia International is planning to buy the remaining 34.34 percent shares of Polish devel  »
ČSOB profits up to CZK 19.7bn in 2019
Profits at the Czech bank ČSOB rose to CZK 19.7bn in 2019, with its volume of loans risin  »
Berlin Hyp issues its 5th green bond
Berlin Hyp issued its third green senior unsecured bond this week, the bank's fifth g  »
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   »