April 17, 2019 / 7:57 AM / 2 months ago

First Bank acquires Bank Leumi Romania

April 17 (Reuters) - Romanian First Bank, owned by U.S.-based private equity fund J.C. Flowers

* Says has bought Bank Leumi Romania for an undisclosed amount.

* Purchase is J.C. Flowers’ second acquisition in Romania in a year, after buying the Romanian unit of Greek Piraeus Bank.

* Says sale is pending approval from the central bank and the competition council. (Reporting by Luiza Ilie)

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