Intesa in Talks to Buy Romania’s First Bank from JC Flowers

Intesa Sanpaolo SpA is in talks to buy Romania’s First Bank from its private equity owner, JC Flowers & Co., people with knowledge of the matter said.

The Italian lender is discussing terms of a transaction that could value First Bank at about €200 million ($216 million), according to the people, who asked not to be identified discussing confidential…

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