UniCredit Takes on SocGen as Deals Heat Up in Europe’s East
- UniCredit, Intesa lead push to expand in eastern Europe
- Their deals are reshaping the banking landscape in Romania
This article is for subscribers only.
The deals came in rapid succession.
One week after UniCredit SpA announced a takeover that will make it the third-largest lender in Romania, rival Intesa Sanpaolo SpA agreed on a transaction to double its size in the country. A third Romanian lender has attracted offers from at least two bidders, with a decision expected as early as this year.