The buyback is part of a program for repurchasing a total of 25 million shares, approved by the Extraordinary General Shareholders’ Meeting.
Banca Transilvania has a market capitalization of RON9.84 billion (EUR2.18 billion).
Banks-Insurance
Banca Transilvania To Buy Back 10 Mln Shares
Banca Transilvania (TLV.RO) will buy back 10 million shares at a price at least equal with the market price on Bucharest Stock Exchange at the moment of the acquisition and at a maximum price of RON3.5, in accordance with the daily transaction price on the bourse for the period of share buyback.