Corpfin

Erste Group Bank AG has reached an agreement in principle with four of the five specialised investment fund (SIF) minority shareholders in Banca Comerciala Romana (BCR) to buy their 24.12% stake or over... 

Banco Popolare SpA, Italy’s fourth-largest bank, is in advanced talks to sell its Hungarian operations to a local financial group, Italian business daily Il Sole 24 Ore reported, without disclosing... 

It has been a week out of hell in financial markets: S&P downgrades US Treasuries, the Dow plunges below 11,000, stock markets all over the world give up trillions of dollars in value. Riots from the UK... 

Mizuho Financial Group has entered the final stage of talks to buy a stake in Vietnam’s largest publicly traded bank for as much as 60 billion yen (USD 760 million), Bloomberg cited a person with... 

The Romanian government, which is selling 5.57 billion shares (a 9.8% package) in the country’s dominant oil company OMV Petrom SA through 22 July, has on Wednesday set a minimum price of 0.3708... 

Central and Eastern European lenders worth as much as EUR 9 billion may be put up for sale in the coming years. While Hungary’s OTP Bank is still only considering acquisition targets, Russia’s... 

Östereichische Volksbanken AG Group (ÖVAG) has agreed to sell its troubled eastern European arm, Volksbank International (VBI), to Russia’s Sberbank, which intends to use this acquisition to set... 

Austrian fuels group OMV has announced on Tuesday that it has successfully completed the acquisition of the entire share capital of Petronas’ E&P operating entity in Pakistan from PETRONAS International... 

OTP Bank, Hungary’s largest lender, has surrendered plans to acquire RBS Bank Romania as the parties could not agree on the price, OTP’s Deputy CEO Antal Pongrácz said, adding that OTP may... 

According to a report in Russian business daily Kommersant on Thursday, Hungary’s OTP Bank has stepped forward as the second potential bidder besides Sberbank for Austria’s Volksbank International... 

Hungary’s OTP Bank is also showing serious interest in acquiring a majority stake in Volksbank International (VBI), the troubled unit of Östereichische Volksbanken AG Group, which manages ÖVAG’s... 

The acquisition of Polbank is going as planned for Raiffeisen Bank International, as on Thursday the European Commission has green-lighted the merger of Raiffeisenbank Polska S.A (RBPL) and the Polish... 

AAA Auto Group N.V. has announced that on 20 June 2011 it acquired a 60% share in the company Hofre two, s.r.o. “The objective of this acquisition is the extension of the Company´s business portfolio,"... 

Imtech N.V., a technical services provider in Europe, has announced on Monday that it has acquired the activities of YIT in Hungary, taking the next step in its strategic growth plan for Eastern Europe.... 

Deutsche Telekom, which agreed to sell its T-Mobile USA wireless unit for USD 39 billion in March, may acquire fixed-line assets in European markets such as Poland to help stem customer defections in the... 

Hungary’s Land Credit and Mortgage Bank (FHB) accounted that the financial markets authority has approved the merger of FHB Commercial Bank and Allianz Bank. “In accordance with the earlier... 

Chinese chemicals producer Wanhua Industrial Group has on Tuesday acquired full ownership of Hungarian chemicals producer BorsodChem, as it has exercised its option right obtained in June 2010 during the... 

Cinema City International has announced on Thursday that it has acquired the Palace Cinemas’ chain, comprising 141 screens in 15 multiplexes in Hungary, Czech Republic and Slovakia. The purchase... 

Four Hungarian investment groups are showing interest in buying the local unit of Italy’s Banco Popolare that may soon change owners, business daily Napi Gazdaság reported on Monday. The paper... 

Hungary’s TriGranit Development Corporation has entered a joint venture with Heitman European Property Partners IV (HEPP IV) to own Arena Centar Shopping Centre in Zagreb, Croatia. Both TriGranit...