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BANCA TRANSILVANIA S.A. - TLV

Potential acquisition Victoriabank

Release Date: 11/7/2017 6:36:23 PM

IRIS Code: 22E63

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

Date: 07.11.2017

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 it has expressed intent to acquire an initial indirect stake of over 39 per cent of the share capital of Victoriabank, the third largest bank in the Republic of Moldova, and is in the process of request of approval of the acquisition from the banking regulators of Romania and Moldova as well as other relevant authorities.

As a result of the planned investment, Banca Transilvania and the EBRD will jointly hold a controlling stake in Victoriabank and will have to offer to buy the remaining shares in accordance with the applicable legal provisions.

Banca Transilvania will inform investors at every relevant stage of the authorisation and acquisition process.

Annexed to the present current report is Banca Transilvania's press release.

 

CHIEF EXECUTIVE OFFICER                          CHIEF GOVERNANCE OFFICER

OMER TETIK                                                          IOANA OLANESCU

 



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