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Wednesday, January 12, 2005

Credisson to be sold

Hungarian OTP Bank, AIG Consumer Finance of America and BNP Paribas from France are in talks to buy Credisson, a company specialised in consumer finance.

Credisson has been mainly founded by Oresa Ventures, having Cornel Marian as architect (the guy that also created La Fantana). He is one of the guys with best investments in Romania in my opinion and almost all the companies he founded turned-out in success-stories.

Two other powerful strategic investors that are interested in Credisson - Sofinco (part of Credit Agricole Group of France) and GE Capital (a division of General Electric, the world's biggest company in terms of market value). The sale of Credisson could be completed by this spring, with the deal worth tens of millions of euros.

Posted by Mihai : 1/12/2005 05:58:00 pm