If the auction is successfully concluded, the transaction will close in a year, sources on the banking market told Romanian financial newspaper Ziarul Financiar, as quoted by romania-insider.com.
The motivation for the bank's sale was "the lack of growth potential through acquisitions on the Romanian market."
OTP Bank Romania is valued at EUR 300 million-400 mln, to which would be added the repayment of the financing lines to Budapest.
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