BRK Financial Group buys 10% stake in local bank

BRK Financial Group (BRK), one of the biggest independent brokerage and fund management companies in Romania, has bought a 9.86% stake in local lender TechVentures Bank. The company said it made the investment from its own funds but didn't disclose the price paid for the stake.   Through this acquisition, BRK intends to form a partnership with TechVentures Bank to develop mixed products such as linking the balance of the trading account with the bank ...

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