Intesa Sanpaolo has successfully completed the acquisition of Romanian First Bank S.A. (Romania) from the US-based private investment fund J.C. Flowers & Co.
Following the signing on October 28th, 2023, by Intesa Sanpaolo S.p.A. and JCF Tiger Holdings S.A.R.L., the controlling shareholder of First Bank S.A., of a share purchase agreement for the acquisition of 99.98% of the shares in First Bank S.A., and after having obtained all the necessary approvals from all the relevant regulatory authorities, Intesa Sanpaolo [today/has] finalized the acquisition of First Bank.
Click here if you want to read the whole press release issued by Intesa Sanpaolo Group.
We are committed to ensure you the continuity of enjoying the quality and reliability to which you are accustomed.
We understand that you may have questions about how this acqusition will impact you, and we are committed to keeping you informed every step of the way.
Thank you for your continued trust and loyalty. We are excited about this new chapter and look forward to delivering enhanced value to you.
The customer support teams are well-trained to handle inquiries and provide accurate information. You may also find answers to your questions in this document.