According to Ziarul Financiar’s news, US’ fund J.C. Flowers, is trying to take over both Romanian lender Banca Comerciala Carpatica (BCC.RO) and Greek-owned lender Piraeus Bank in an attempt to set up a bank worth of a top 10 position on the local market.
The Bucharest bourse’s main index BET was up 74.39 points, or 1.06% on Thursday session.
Carpatica, owned by businessman Ilie Carabulea with a 41.2% stake, ranked 20th in the Romanian banking system end-2014, with a 0.9% market share.
The bank’s shares on the Bucharest Bourse decreased 40% since January. Early 2015, Carpatica’s stockholders rejected the merger with Nextebank.
(English version by Manuela Panescu)