Raiffeisen nears $640 million deal for BBVA's Romania unit, Bloomberg News reports

Company Overview - Raiffeisen Bank International (RBI) is nearing a deal to acquire BBVA's Romanian unit, Garanti, for approximately 550 million euros, equivalent to about $640.97 million [1]. Financial Details - The reported acquisition price is 550 million euros, which translates to around $640.97 million [1]. Market Context - The deal comes amid a backdrop of financial activity in the banking sector, with both BBVA and Raiffeisen declining to comment on the transaction [1].