Intesa Sanpaolo Acquires First Bank (Romania) from J.C. Flowers
June 3, 2024
Italian banking group Intesa Sanpaolo has acquired First Bank S.A. (Romania) from private investment firm J.C. Flowers & Co.; terms were not disclosed. The deal combines First Bank with Intesa Sanpaolo Bank Romania to create a top-10 bank in Romania with roughly €3.2 billion in combined assets and over 140,000 customers.
- Targets
- First Bank S.A. (Romania)
- Sellers
- J.C. Flowers & Co. LLC, JCF Tiger Holdings S.A.R.L.
- Industry
- Financial Services
- Location
- Romania
- Transaction Type
- Buyout
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