The agreement will be signed on May 12.
Banca Transilvania has a widespread ownership, with European Bank for Reconstruction and Development holding a 14.61% stake, followed by Romanian regional investment fund SIF Moldova (SIF2.RO) with 8.35%. IFC owns 3.54% of the bank’s shares.
The lender reported a first quarter net-profit of 103.4 million lei (EUR23.3 million), up 22.6% on the year.