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New Deal


Announced

OTP Bank to acquire the Albanian unit of Alpha Bank for $62m.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

banking services

Cross Border

Majority

Albania

Pending

Banks

Acquisition

Friendly

Single Bidder

Synopsis

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OTP Bank, one of the largest independent financial service providers in Central and Eastern Europe, agreed to acquire the Albanian unit of Alpha Bank, the second largest Greek bank by total assets, for $62m. With a total asset-based market share of almost 5%, Alpha Bank is the 8th largest bank on the Albanian banking market, and as a universal bank it has been active in the retail and corporate segment as well.

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