“Representatives of the two financial group have not applied to the Commission for approval of this merger. We have received no notification about this,” said Cristian Rosu, General Manager of CSSPP, for Business Standard.
Rumors about Bancpost exiting the private mandatory pension fund (Pillar II) market surfaced one month ago, when Business Standard announce that Interamerican could be the company to take over the administration of the fund managed by the branch of the bank owned by the Greek Eurobank EFG Group.
“An agreement was reached by the two groups, regarding the merger of the administration companies of the Pillar II pension funds. However, the merger must be submitted to CSSPP for approval,” said Roxana Vasiliu, CEO of Bankpost Fond de Pensii, for Business Standard.
Unbeknownst to CSSPP, Interamerican and Bankpost pension funds merge
Publicat la 17.12.2008, 00:00:00
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