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2 April 2008
Banca Comercială Română S.A., BRD-Groupe Société Générale S.A., Banca Transilvania S.A., and Casa de Economii si ConsemnaŃiuni CEC S.A. in exclusive talks with Groupama for the sale of their 25% each stake in Asiban S.A.
Banca Comercială Română S.A (BCR)., BRD-Groupe Société Générale S.A.(BRD), Banca Transilvania S.A. (BT), Casa de Economii si ConsemnaŃiuni CEC S.A (CEC) and Groupama announce that they have reached an agreement on a definitive list of key terms and conditions for the acquisition by Groupama International of 100% of the shares of Asiban S.A (Asiban), and are in exclusive negotiations to finalise such terms and conditions. The relevant agreements will be subject to the necessary authorizations required by law. When the relevant agreements are finalised, a further announcement will be made.
The Selling Shareholders are pleased to conclude a transaction with one of the top insurers in Europe, which will significantly strengthen ASIBAN’s position and perspectives, to the benefit of the Romanian market.
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