BT gets approval to acquire BRD Pensii and pension fund

Business Forum
BT and BT Investments have received approval from the Financial Supervisory Authority to acquire BRD Pensii and the BRD mandatory private pension fund (pillar 2).

The transfer of ownership of BRD Pensii will take place during this month, after which the company and the BRD pension fund (pillar 2) will become part of the BT Group.

The BT Group will publicly communicate regarding the completion of the acquisition, as well as details about its impact on business and the private pension market in Romania.

In May 2024, BT, BT Investments, BRD-Groupe Societe Generale and Societe Generale Assurances announced the conclusion of an agreement for the acquisition of BRD Pensii by companies of the BT Financial Group. At that time, BRD Pensii administered pension funds from pillar 3 and pillar 2.

In April 2025, as a first step within the announced agreement, BT Pensii became administrator of the FPF BRD Medio fund, renamed Pensia Mea Plus.

RECOMMENDED
BT posts 30% profit jump in Q1 2026
Finance

BT posts 30% profit jump in Q1 2026

Banca Transilvania (BT) said its consolidated net profit reached RON 1.14 billion lei (€228 million) in Q1, representing a 30.1% increase compared to the same period last year. Total assets for the group expanded to RON 227 billion lei (€45.4 billion) as the institution neared the milestone of five million active customers.

BT finances Hampton by Hilton Venice hotel with €50 million
Real estate

BT finances Hampton by Hilton Venice hotel with €50 million

Banca Transilvania, Romania's banking leader, has completed its largest cross-border financing to date with a €50 million loan for Hampton by Hilton Venice Isola Nuova. The loan, provided through BT Italia branch, refinances the hotel's development costs.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.