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Announced

Eurobank Bulgaria to acquire BNP Paribas Personal Finance from BNP Paribas.

Financials

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

Tags

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banking

personal finance

Private

Majority

Acquisition

Bulgaria

Banks

Domestic

Pending

Friendly

Single Bidder

Synopsis

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Eurobank Bulgaria, a retail banking services provider, agreed to acquire BNP Paribas Personal Finance, a personal finance services provider, from BNP Paribas, a financial services company. Financial terms were not disclosed. "We are pleased to have reached an agreement with BNP Paribas Personal Finance, for the acquisition of BNP Paribas Personal Finance Bulgaria. This is a bolt on acquisition fully aligned with our strategy to further strengthen Postbank by adding valuable assets with significant upside. BNP Paribas Personal Finance has maintained a significant presence in the consumer finance sector in Bulgaria for many years, offering top-notch services to its clientele. The acquisition further strengthens Postbank’s position as a bank of choice for retail customers, providing service at the highest standards," Stavros Ioannou, Eurobank Deputy CEO.

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