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BANCA TRANSILVANIA S.A. - TLV

BoD Decision of 23.11.2017 - Acquisition of Bancpost

Release Date: 11/24/2017 8:44:38 AM

IRIS Code: 0BCA1

CURRENT REPORT in accordance with the C.N.V.M. Regulation no. 1/2006

Date: 24.11.2017

BANCA TRANSILVANIA S.A. CLUJ-NAPOCA

 

Headquarters:                                                                        Cluj-Napoca, no. 8 G. Baritiu Street

Telephone/fax number:                                                     0264/407150/407179

Registry of Commerce registration number:          J12/4155/1993

Individual identification number:                               5022670

Subscribed and paid-up capital:                                   RON 4,341,435,921

Legal Stock Market:                                                            Bucharest Stock Exchange

           

1.      Important events to report:

 

a)  Change of control of the company – not applicable.

b) Acquisition or substantial transaction of assets – not applicable.

c) Insolvency procedure – not applicable.

d) Other events:   

 

The Board of Directors of Banca Transilvania S.A. has approved, on 23.11.2017, the completion of the transaction regarding the acquisition of majority holding of 99.15% owned by Eurobank Group in the capital of Bancpost S.A., while the signing of the contract will take place in 24.11.2017. As a result of the transaction, BT will acquires holdings in the companies which are part of the Eurobank Group in Romania, namely ERB Retail Services IFN SA and ERB Leasing IFN SA.

We wish to state that BT as well as Bancpost S.A. will operate as separate entities until the finalization of the transaction, only after which will the integration of Bancpost in BT will commence. The integration of Bancpost S.A. in BT will take place after the completion of the proper and necessary legal procedures and after the request and receipt of any and all necessary approvals from the legal authorities involved.

Investors can access further information on Banca Transilvania’s website (www.bancatransilvania.ro), Investor Relations Section.

 

CHIEF EXECUTIVE OFFICER                          CHIEF GOVERNANCE OFFICER

OMER TETIK                                                          IOANA OLANESCU

 



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