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Patria Bank increases stake holding in Banca Comerciala Carpatica to 64.16%

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Patria Bank increases stake holding in Banca Comerciala Carpatica to 64.16%

Romania'sPatria Bank, formerlyknown as Nextebank, said in a March 24 filing that it completed the acquisitionof a further 9.37% of BancaComerciala Carpatica SA following the closure of a mandatory purchaseoffer.

PatriaBank launched the offer Feb. 25, offering to acquire the 45.21% of BancaComercial Carpatica that it did not own. The latest purchase brings Patria Bank's stake to64.16%.