Banca Transilvania (BT) has received the necessary approvals from the National Bank of Romania (BNR) and the Competition Council (CC) for the acquisition of the entire package of shares held by Getin Holding Group in the share capital of Idea Bank SA, as well as for the stocks in the share capital of the companies from the Idea Bank Group in Romania, respectively Idea Leasing IFN SA and Idea Broker de Asigurare SRL, according to a report submitted to the Bucharest Stock Exchange (BVB).Thus, in the next period, the specific procedures for completing the transaction with Getin Holding Group will be initiated. Banca Transilvania estimates that the completion of the transaction for the acquisition of Idea Bank will take place at the end of October 2021.After the completion of the transaction, BT will become a full shareholder and Idea Bank will become part of the BT Financial Group.The bank announced on 2 June that the agreement to purchase the shares held by the Polish group Getin Holding at Idea Bank had been signed, and until receiving the approval of the BNR and the Competition Council, Idea entities will carry out their activity independently.The value of the transaction is 213 million RON (43 million EUR). The companies in Romania that are under the Idea brand mean 2.85 billion RON in total assets, over 60,000 customers, 530 employees and 46 units, at the end of last year.The Getin Holding Group is listed on the Warsaw Stock Exchange and has activity in retail banking, leasing, financial brokerage, factoring and consulting in Poland, Ukraine and Romania.
American technology company Genpact announced the opening of a new delivery center in Iași, Romania, on Wednesday, April 9. The company already employs 5,000 people in Romania, and has a history of over two decades in the country. Its Iași team has expanded quickly, growing from just a handful of professionals to more than 650 […]
The French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), which has some 600 member companies, has elected a new Board of Directors. The board now includes: Nicolas Richard (Engie) – President; Cristina Bojica (Gruia Dufaut & Asociatii) – Vice President; Anne-Sophie Bauwens (Carrefour); Costin Borc (Groupe SNEF); Fady Chreih (Regina Maria); Sébastien Demichelis […]
Romanian interim president Ilie Bolojan promulgated the law that allows patients to express their gratitude towards doctors through donations made to the medical institution on Tuesday, April 9. According to this law, patients can make donations to the hospitals where they were treated, instead of giving gifts to the medical staff, as was often the […]
Vlad Boeriu, Tax & Legal Partner-in-Charge at Deloitte Romania, has been elected president of AmCham Romania for the following one-year mandate. He will be joined in the executive committee by vice-presidents Cerasela Baiculescu, Country General Manager, IBM Romania & Moldova and Gabriela Popescu, Corporate, External and Legal Affairs Lead, Central Europe, Microsoft, together with Luminița […]
Dietary supplement producer Cosmo Pharm has opened a laboratory for supplement research and production following a EUR 2 million investment. This is part of the company’s broader strategy to increase output at its Ilfov facility by up to 40% in response to rising demand. Following this investment, the company plans to launch 40 new formulas […]
Romanian Diana Stroia was invested as High Sheriff of the West Glamorgan region in Wales on April 8, in a first for the Romanian community in the United Kingdom. High Sheriff is an honorary position with a tradition of over 1,000 years in the British system. The RePatriot community, through the presence of its representatives […]
