The three lenders will each hold a 33.3% stake in the company and plan to speed up the company’s development. CIT One was previously a division of BCR, member of Austria’s Erste Group.
The deal requires regulatory approvals.
Banks-Insurance
BCR, BRD, Raiffeisen Bank Take Over CIT ONE
Lenders Banca Comerciala Romana (BCR), BRD Groupe Société Générale and Raiffeisen Bank Romania have signed a deal to split ownership of CIT ONE, one of the largest local integrated services for the transport, processing and storage of cash and other valuables.