CEC’s privatization was started in August last year and stopped in November before the bids would have been submitted. OTP is eager to get a 10% share of the Romanian banking market and the purchase of CEC would be a great step to achieve this goal, as CEC has 5% in Romania. OTP has already gained various stakes in Slovakia’s IRB Bank, Romanian Robank, Bulgarian DSK, Croatian Nova Banka and Serbian Niska Banka.
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