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Romanian Carpatica Bank denies negotiations over possible takeover

de V.O.
Luni, 22 septembrie 2008, 13:42 English | Business

Romanian commercial bank Carpatica (BCC) does not hold talks on a possible takeover, a release of the bank for the Bucharest Stock Exchange says on Monday. The bank thus denies information circulated by the media on trusting Rothschild to find a buyer for BCC. The release also says that bank shareholders are not interested in such a deal in the future either.

It says that no such talks have taken place despite various international offers having been submitted.

But bank representatives take into consideration strategic partnership with a financial-banking institution, either national or international.

Romanian newspaper Ziarul Financiar reported on Monday that BCC shareholders trusted Rothschild investment group to consult them in the selling process.

BCC holds a 0.7% share on the Romanian banking market and reported a profit of 3.3 million RON in the first half of 2008.

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