WBAG:RBIBanks
Raiffeisen Eyes Garanti Romania As Valuation Gap Attracts Investor Attention
Raiffeisen Bank International (WBAG:RBI) is reported to be in advanced talks to acquire Garanti Bank Romania from BBVA.
If completed, the deal would reportedly make Raiffeisen the third largest bank in Romania by total assets.
The potential transaction would expand Raiffeisen’s footprint in a key central and eastern European market.
Raiffeisen Bank International, trading at €38.52, has seen its share price move strongly over the longer term, with a 56.4% return over 1 year and a very large...