Romania's BNR approves Dan Ostahie's acquisition of Porsche Bank, to be renamed Credex Bank.
Romania's National Bank (BNR) has approved the acquisition of Porsche Bank Romania SA by Dan Ostahie, owner of IT&C retailer Altex. Ostahie and Real Estate Srl will acquire 100% of the bank's share capital and voting rights, with the transaction set to be completed by the end of July. The bank's new name will be Credex Bank, and it will remain operational during and after the acquisition.
June 19, 2024
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