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Banca Transilvania to buy back 15 million shares for rewarding employees

Banca Transilvania, the biggest lender in Romania by assets, plans to buy back 15 million shares, until the end of this year, to distribute them to its employees. The buyback price will be no higher than RON 4. The Banca Transilvania shares (ticker TLV) were trading at RON 2.39 on September 19. Considering this price, the bank would have to pay RON 36 million (EUR 7.6 mln) for the shares it plans to distribute to employees. The ...

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