on 4finance S.A. (ETR:XS141787)
4finance S.A. Announces Sale of TBI Bank to Advent
4finance Holding S.A. has agreed to sell its subsidiary, TBI Bank, to Advent, a global private equity investor. The completion of the transaction is anticipated in the fourth quarter of 2025, pending regulatory approvals. The sale's total value exceeds the 2024 year-end book value of TBI Bank.
TBI Bank, a South-East European tech-enabled challenger bank, operates in Bulgaria, Romania, and Greece, serving 2.4 million customers. Its strategic growth has been significant, with a record net profit of EUR 50 million in 2024. TBI Bank integrates merchant and consumer services via its innovative financial platform.
Advent, known for its involved investment strategy, plans to support TBI Bank's strategic expansion. The partnership aims to enhance TBI's offerings and accelerate growth in the banking sector.
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