Home / General / Garanti Bank BBVA agrees to sell Romanian unit to Austria’s Raiffeisen for 591 mln euros

Garanti Bank BBVA agrees to sell Romanian unit to Austria’s Raiffeisen for 591 mln euros

Garanti BBVA has agreed to sell its entire Romanian business to ​Austria’s Raiffeisen Bank for 591 million euros ($680 ‌million), the Turkish lender said.

In a statement to Turkey’s Public Disclosure Platform on March 28, ​Garanti BBVA said its board approved ​the share purchase agreement, authorising its Dutch ⁠subsidiaries Garanti Holding B.V. and G ​Netherlands B.V. to sell their entire stakes in ​R… [777 chars]

Source: Reuters | Published: 2026-03-30T05:39:25Z

Credit: Reuters

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