J.C. Flowers is said to consider sale of Romania’s First Bank. The credit institution may be valued around €150 million in any deal.
US private equity firm J.C. Flowers & Co. is considering a potential sale of Romanian lender First Bank, people with knowledge of the matter said, according to Bloomberg.
The investment firm, which is known for its distressed banking deals, has been working with Societe Generale SA to gauge interest from possible buyers, the people said. Any transaction could value First Bank at around €150 million ($163 million), the people said, asking not to be identified because the discussions are private.
UniCredit SpA is among parties that held preliminary talks with J.C. Flowers in recent weeks, though it decided not to proceed.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
