Skip to content
Subscriber Only

Banca Transilvania in Talks to Buy Volksbanken Romania

Updated on

Banca Transilvania SA, Romania’s third-biggest lender, is in talks to acquire Oesterreichische Volksbanken AG’s local unit in a transaction that may help the struggling Austrian bank overcome its capital shortfall.

Transilvania, based in Cluj Napoca in western Romania, hasn’t taken a final decision on the purchase of Volksbank Romania SA, the bank said in a statement. OeVAG spokeswoman Petra Roth also confirmed the talks. OeVAG owns 51 percent of VBRO, while Germany’s DZ Bank AG and WGZ Bank AG and France’s Groupe BPCE hold a combined 49 percent.