SIF Banat-Crisana has launched an offer to purchase 99.96% in Grupul Financiar Muntenia, sole administrator of SIF Muntenia.
The terms of the deal remain confidential until the transaction is complete, the two funds said.
Capital Market
SIF Banat-Crisana To Take Over Peer SIF Muntenia
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Friday said it plans to acquire control of peer fund SIF Muntenia (SIF4.RO), pending approval from the securities commission CNVM.