Dexia submits letter of intent to Romania govt on acquisition of CEC Bank

BRUSSELS (AFX) - Financial services group Dexia said it has sent a letter of intent to the Romanian government, confirming its interest in acquiring Romania's largest savings bank Casa de Economii si Consemnatiuni CEC.

Company spokeswoman Ulrike Pommee said: 'Yesterday, we deposited a letter of intent. We are still interested in the bank.'

Other European banks, including Rabo, Erste and Hungarian bank OTP, are also expected to submit letters of intent.

source