-- 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