Mmastodon BusinessBanking first seen 1 d ago, last 21 h ago, peak #5

Romania clears Raiffeisen Bank's acquisition of Garanti Bank

Original: 🇪🇺 🇷🇴 Romania’s Competition Council has authorized the transaction through which Raiffeisen Bank intends to acquire Gara

Romania's Competition Council has approved Raiffeisen Bank's planned acquisition of Garanti Bank and Motoractive IFN, clearing the way for the deal to proceed in the Romanian banking sector. The regulator confirmed the authorization, and attention now turns to the deal's impact on competition and customers in Romania's banking market.

Why now: Regulatory approval of a major bank consolidation in Romania is fresh news affecting the country's financial sector

Raiffeisen BankGaranti BankMotoractive IFNRomanian Competition CouncilRomania

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• 🇪🇺 🇷🇴 Romania’s Competition Council has authorized the transaction through which Raiffeisen Bank intends to acquire Garanti Bank and Motoractive IFN. The regulatory body confirmed the approval, allowing the acquisition process to move forward in the Romanian banking sector.… · EUEconomics

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