The management of Banca Comerciala Carpatica (BCC symbol at Bucharest Stock Exchange) stated it has been informed that on 4 September 2015 a group of shareholders of the bank which included Ilie Carabulea, Dana Cojocaru, Nicolae Lupu, Corneliu Tanase and Atlassib, concluded an agreement with JCF III Europe Holdings L.P. (an investment vehicle of JC Flowers III, LP, a fund advised by J.C. Flowers&Co) for the purpose of selling an indirect shareholding of 25% in the bank.

The agreement was concluded in conjuction with the interest expressed by J.C. Flowers&Co. to the bank to underwrite, subject to certain conditions, the capital increase approved by the bank.

The indirect acquisition of the shares by JCF III Europe Holdings L.P. will be finalized after the completion of certain conditions such as the approval of the National Bank of Romania.