US Fund Encouraged To Do Some Cleanup In Romania’s Banking System

09.09.2015 By Cristian Hostiuc , Claudia Medrega

US private equity fund J.C. Flowers has finally reached an agreement with the group run by businessman Ilie Carabulea to take over Banca Carpatica (BCC.RO), the first move in a broader plan to buy several lenders in Romania.

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Keywords:
fund
, bank
, cleanup
, takeover
, carpatica