Finance
Raiffeisen Nears €550 Million Deal for BBVA Romania Unit
Raiffeisen Bank International AG is closing in on a deal to buy BBVA’s Romanian Garanti unit, people familiar with the matter said.
The Austrian lender has offered to pay about 1.2 times the book value for Garanti, according to the people. That would imply a price tag of roughly €550 million ($640 million) based on last year’s balance sheet data, one of the people said.