EnglishBanca Transilvania (BVB:TLV) denied recent media rumours that negotiations are taking place to sell the bank. The bank stressed that such decision could only be made by the shareholders, during a General Meeting. "It is not part of Banca Transilvania"s policy to comment on rumours on the market. However, to answer certain statements published in the press, we would like to inform you that we are not having discussions to negotiate the sale of the bank. Anyway, such decision can only be made with the agreement of the shareholders duly expressed in the General Shareholder Meeting and in accordance with the regulations of the Bucharest Stock Exchange and the National Securities Commission. Together with our strategic partners, EBRD and IFC, we are analyzing future options and considering projects for the development of the bank," a BT management representative said. The answer came after the publication on Monday of several articles indicating that some of the BTshareholders had retained the services of Merrill Lynch to find a buyer.
Banca Transilvania Denies Takeover Rumours
F.A.
English Section / 4 noiembrie 2008
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