“The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TBI Bank EAD of Bulgaria by Advent International L.P.”, EC announced in a press release. “The transaction relates primarily to the banking sector in Bulgaria, Greece and Romania. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.” Recall that in April, 4finance Holding S.A. entered into a definitive agreement for the sale of TBI Bank EAD to Advent. “The transaction is expected to close in Q4 2025. The total value of the consideration exceeds 2024 year-end book value, with more than 75% of this cash consideration paid at closing and the balance covered by an earnout over the following 18 months.