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Romania's BT Asset Management, BT Investments get nod to acquire Certinvest Pensii

Author Mario Tanev
Romania's BT Asset Management, BT Investments get nod to acquire Certinvest Pensii Banca Transilvania

BUCHAREST (Romania), February 13 (SeeNews) - Romanian lender Banca Transilvania [BSE:TLV] said on Thursday that its units BT Asset Management S.A.I. and BT Investments have received approval from the financial regulator to acquire 100% of pension fund administrator Certinvest Pensii.

"We are starting with almost 10,000 clients and over 75 million lei ($17.1 million/15.7 million euro) to manage. A period of integration of Certinvest Pensii into BT Financial Group and of preparation for clients will follow," Aurel Bernat, CEO of BT Asset Management, said in a statement.

The Banca Transilvania financial group announced last year its intention to expand its financial services for its over 3 million clients through an investment in the field of private pensions, and signed an agreement to acquire Certinvest Pensii.

As at 12:00 CET on Thursday, Banca Transilvania shares traded 0.39% higher at 2.565 lei on the Bucharest Stock Exchange.

(1 euro = 4.77 lei)

 

 

 

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