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OTP Bank withdrew the appeal filed against the National Bank of Romania regarding Banca Romaneasca takover

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Autor: Bancherul.ro
2018-04-19 11:39

OTP Bank extraordinary announcement:

OTP Bank Plc. („OTP Bank”) hereby informs the capital markets in connection with the acquisition of the 99.28% shareholding held by National Bank of Greece S.A. (“NBG”) in Romanian Banca Romaneasca S.A. (“BROM”) and the acquisition of other Romanian exposures of other Romanian subsidiaries of NBG by OTP Bank Romania S.A. (“OBR”) (“Transaction”) that - due to the non-fulfilment of the conditions precedents by the longstop date - the share purchase agreement entered into on 26 July 2017 has been terminated.

With reference to this development, on 18 April 2018, OBR withdrew the appeal filed against the National Bank of Romania’s (“NBR”) first instance decision, in which NBR did not grant its approval with respect to the Transaction.

Taguri: OTP Bank  National Bank of Romania (NBR)  

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