The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TBI Bank EAD of Bulgaria by Advent International L.P. (‘Advent'), one of the largest global private equity investors in the US.
July consumer price index far exceeds expectations at 7.8% year-on-year versus the 6.5% year-on-year expected based on the Bloomberg consensus and accelerating from 5.7% year-on-year in the previous month, says Erste Group, owner of lender BCR in Romania, in a report.