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Romania's antitrust body approves Vista Bank's takeover of Credit Agricole Romania

Romania's antitrust body approves Vista Bank's takeover of Credit Agricole Romania
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Romania's M&A market falls 26% y/y in volume, slightly up in value in Q1


Romania s M&A market falls 26% y/y in volume, slightly up in value in Q1 - PwC
Deal, business, corporate contracts
BUCHAREST (Romania), April 19 (SeeNews) - Romania s mergers and acquisitions (M&A) market in the first quarter of 2021 contracted by 26% year-on-year in terms of number of transactions but was slightly higher in terms of value, global consultancy PricewaterhouseCoopers (PwC) said on Monday.
Forty-two M&A deals worth 600 million euro ($718.5 million) were concluded in the first quarter of the year amid growing investor optimism and adaptation of investment strategies to the new pandemic reality, PwC said in a press release.
The average transaction value increased 30% on an annual bsis in the period under review. ....

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Romania's anti-trust body to consider deal for Credit Agricole Romania


Romania s anti-trust body to consider deal for Credit Agricole Romania
Mar 03, 2021 11:47 EEST
BUCHAREST (Romania), March 3 (SeeNews) – Romania s competition authority said that it will analyse the proposed takeover of Credit Agricole Romania by Vista Bank Romania.
In order to determine whether the concentration is compatible with the normal competitive environment, the Competition Council will consider the notified transaction under the merger regulation, the anti-trust body said in a statement on Tuesday.
Both Vista Bank Romania and Crédit Agricole Bank Romania are credit institutions which offer a wide range of banking services for individuals and legal entities, the council added.
French banking group Credit Agricole signed an agreement to sell its Romanian subsidiary to Vista Bank Romania on January 4. ....

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