B2Holding has through its Romanian subsidiary B2 Kapital Portfolio Management SRL entered into an agreement to acquire a portfolio of retail and corporate, secured and unsecured non-performing loans in Romania, according to a statement.

The portfolio is sold by Banca Transilvania S.A., a leading SME and retail bank in Romania. The acquisition will be closed in 2Q 2018.

The portfolio consists of approx. 3,300 individual loans with an aggregate nominal value of approx. EUR 124 million.

"The acquisition of the portfolio is another important milestone in B2Holding´s continued development and further growth in Romania" says Olav Dalen Zahl, CEO of B2Holding ASA.

Even though this transaction would normally be below the threshold for announcement, B2Holding is disclosing this transaction in order to be fully transparent with the vendor´s announcement.