The transaction, which was initially announced in March 2026, was valued at a base price of roughly EUR5.5 million. As a result of this deal, BRD Asset Management, is entering for the first time the market of Exchange-Traded Funds (ETFs) listed on the Bucharest Stock Exchange.
Following ASF’s approval, BRD Asset Management will acquire a 99.99% ownership stake. ASF also approved the appointment of Mihail-Dan Nicu and Simona Prodan as members of the Board of Directors of Patria AM, alongside the indirect participation of Société Générale.
For Patria Bank, the transaction generates a substantial positive impact estimated at gross earnings of nearly RON26 million in the profit and loss account for 2026, along with the completion of procedural steps.
At the end of March 2026, Patria AM had assets worth RON1.35 billion, with the bulk stemming from the Exchange-Traded Fund BET Patria-TradeVille, which replicates the performance of the benchmark index of the Bucharest Stock Exchange. The assets translate into a 3.2% market share, placing the company sixth among fund managers on the local market,
BRD AM has an asset portfolio of RON10.2 billion and a 23.9% market share, as per the latest data from the Association of Asset Managers (AAF).