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Banca Transilvania to purchase Moldova-based nonbanking financial company

Banca Transilvania SA intends to acquire 100% of the share capital of Î.M. OMF Microinvest SRL, a Moldovan nonbanking provider of financing to small businesses.

The Romanian bank said Jan. 14 it is seeking regulatory approvals for the acquisition. The financial details of the deal were not disclosed.

Banca Transilvania Financial Group is present in Moldova via BT Leasing Moldova and Banca Comercială Victoriabank SA.