BT Investments S.R.L. and Banca Transilvania S.A. (BVB:TLV) signed agreement to acquire Idea Bank S.A./Idea Investment S.A. from Getin Holding S.A. (WSE:GTN) and GETIN International SA for approximately RON 210 million on June 2, 2021. Banca Transilvania S.A. (BVB:TLV) will acquire 99.9999996031% stake in Idea Bank S.A. for RON 212.999926 million. BT Investments S.R.L. will acquire 0.00000003969% in Idea Bank S.A. for RON 1, and 0.0038659% in Idea Investment S.A. for RON 73. The transaction is subject to certain conditions including approval from Romanian antimonopoly authority, obtaining consent or non-objection of the Supreme National Defense Council of Romania, obtaining the decision of the National Bank of Romania and approval from Romanian Financial Supervisory Authority. As of June 3, 2021 the Board of Director of Banca Transilvania S.A. has approved the transaction. As of September 10, 2021, The National Bank of Romania has approved the transaction. The Competition Council is yet to approve the deal. The Parties agreed that the conditions set out in the Agreement shall be satisfied not later than by December 31, 2021, otherwise the Parties shall be entitled to terminate the agreement. Marcin Schulz and Daniel Cousens of Linklaters C. Wisniewski i Wspolnicy Spolka Komandytowa acted as legal advisor to Banca Transilvania S.A. As of October 6, 2021 the Competition Council approved the transaction through which Banca Transilvania S.A. takes over Idea Bank S.A. and, indirectly, Idea Investment S.A., Idea Leasing IFN S.A. and Idea Insurance Broker S.R.L. Barclays is advising Banca Transilvania .

BT Investments S.R.L. and Banca Transilvania S.A. (BVB:TLV) completed the acquisition of Idea Bank S.A./Idea Investment S.A. from Getin Holding S.A. (WSE:GTN) and GETIN International SA on October 29, 2021.