Eurobank in talks to sell Romanian subsidiaries

Eurobank on Friday announced it was in negotiations with Banca Transilvania as regard to the potential sale of Bancpost S.A., ERB Retail Services IFN S.A. and ERB Leasing IFN S.A., its subsidiaries in Romania.

The details as regard to the negotiations will be published after finalizing necessary steps and obtaining relevant approvals, Eurobank said in the announcement, adding that finalization of the negotiations and analysis is expected to be at the end of October.