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Eximbank buys Banca Romaneasca from Greece’s NBG

Eximbank, a Romanian state-owned bank, has secured a deal to acquire Banca Romaneasca from the Greek group NBG for an amount of EUR 250-350 million. National Bank of Greece was forced to sell Banca Romaneasca due to troubles on its domestic market and failed to close a transaction with OTP Bank last year due to Romanian central bank’s opposition. Eximbank and J.C Flowers, who bought Piraeus Bank, entered the final phase of ...

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