-- Austrian lender Raiffeisen has offered to buy BBVA's Garanti Bank Romania at around 1.2 times its book value and is close to agreeing on a deal with its Spanish parent, Bloomberg reports, citing unnamed sources.
-- Discussions are at an advanced stage but could still face delays, Bloomberg reports.
-- This would imply a price of around 550 million euros ($640 million) based on 2025's balance sheet, Bloomberg reports.
-- Raiffeisen and BBVA declined to comment to Bloomberg.
Full story: https://tinyurl.com/547jw8ck
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
03-10-26 0719ET




















