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Raiffeisen Nears Deal for BBVA's Romanian Subsidiary, Bloomberg Says, Citing Sources

Provided by Dow Jones Mar 10, 2026, 11:19:00 AM

-- Austrian lender Raiffeisen has offered to buy BBVA's Garanti Bank Romania at around 1.2 times its book value and is close to agreeing on a deal with its Spanish parent, Bloomberg reports, citing unnamed sources.

-- Discussions are at an advanced stage but could still face delays, Bloomberg reports.

-- This would imply a price of around 550 million euros ($640 million) based on 2025's balance sheet, Bloomberg reports.

-- Raiffeisen and BBVA declined to comment to Bloomberg.

Full story: https://tinyurl.com/547jw8ck

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

March 10, 2026 07:19 ET (11:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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