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UniCredit acquires majority stake in Alpha Bank Romania, forming third-largest bank in the country

November 5, 2024

The Italian group UniCredit announced on November 4 that it had completed the transaction by which it bought the majority stake in Alpha Bank Romania in a cash and equity deal that created the third-largest banking group in the country (after Banca Transilvania and BCR) with a market share of 12% by assets.

Under the deal, Italian group UniCredit has acquired a 90.1% stake in Alpha Bank Romania from parent group Alpha International Holdings SMSA for a price composed of 9.9% of the share...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/unicredit-alpha-bank-romania-majority-stake-nov-2024
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