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BANCA TRANSILVANIA S.A. - TLV

Curret report regarding the state of negotiation acquisition Bancpost

Release Date: 11/10/2017 8:13:13 AM

IRIS Code: 6010D

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

Date: 10.11.2017

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:   

 

Banca Transilvania S.A. hereby informs the investors that Eurobank and Banca Transilvania have been pursuing exclusive negotiations as regard to the potential sale of Bancpost SA, ERB Retail Services IFN SA and ERB Leasing IFN S.A in Romania.

During the last few weeks there has been significant progress towards a positive outcome and the negotiations have almost been finalized, as parties are completing final formalities for the signing of an agreement. The senior management teams of both ERB and BT would like to re-affirm their commitment to execute a fair and beneficial transaction for all their stakeholders and reassure that the signing of the transaction is estimated for the end of November 2017 and will be announced publicly as soon as the remaining formalities will be finalized.

Further details will be released to the public and to the investors after finalizing the necessary steps as well as obtaining all relevant approvals.

 

CHIEF EXECUTIVE OFFICER                          CHIEF GOVERNANCE OFFICER

OMER TETIK                                                          IOANA OLANESCU

 



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