News and Press releases

10/12/2014

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Disposal of Groupe BPCE’s remaining stake in Volksbank Romania (VBRO)

Groupe BPCE announces the signing of an agreement regarding the disposal of its 24.5% equity interest in Volksbank Romania

Groupe BPCE announces today the conclusion of an agreement with Banca Transilvania regarding the disposal of its 24.5% equity interest held alongside VBAG, DZ Bank AG and WGZ Bank in Volksbank Romania.

The closing of the transaction is subject to approval by the National Bank of Romania and the competition authorities and is expected within the first half of 2015.

This transaction is part of Groupe BPCE’s strategy of refocusing on majority stakes in priority growth areas.