Balgarianovinite.com The European Central Bank (ECB) adopted a decision by which it issued a preliminary authorization for the direct acquisition by Bago (Luxembourg) S.a r.l. of a qualifying holding which exceeds the threshold of 50% of the shares in the capital and voting rights in TBI Bank EAD, the Bulgarian National Bank (BNB) reported on Friday.
Bago (Luxembourg) is a portfolio company of Advent International L.P., authorized by the US Securities and Exchange Commission as an investment adviser and is one of the world’s largest private equity firms.
Since October 1, 2020, when Bulgaria joined the Single Supervisory Mechanism, the ECB has had the exclusive competence to assess notifications of acquisitions of qualifying holdings in credit institutions, with the relevant interaction with the BNB.
In April 2025, TBI Bank announced that digital consumer credit group 4finance Holding S.A. signed a definitive agreement to sell TBI Bank, through its subsidiary TBI Financial Services B.V. to Advent International, a leading global private equity investor. At the time, the bank specified that the transaction was subject to the usual regulatory approvals. The bank also reported that the transaction was expected to be completed in the last quarter of 2025. European Central Bank Grants Preliminary Approval for Bago’s Majority Acquisition of TBI Bank 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-02-13 18:07:28 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law