OTP Bank Romania SA signed an agreement to acquire Millennium Bank Romania from Banco Comercial Português S.A. (ENXTLS:BCP) for approximately €190 million on July 30, 2014. Banco Comercial Português will get €39 million cash for its entire stake in Millennium Bank and OTP will also ensure full reimbursement to Banco Comercial Português of the intragroup financing currently provided to Millennium Bank Romania which is of about €150 million. The funds will be provided through a capital increase. Millennium Bank Romania had revenue's of €13.3 million and total assets of approximately €635 million as of December 31, 2013. The transaction is subject to approval from Romania's Central Bank and the Competition Council and approval from the European Commission and Portugal's Central Bank. The final settlement of the integration process is expected to be completed within a year. As of August 27, 2014, Competition Council of Romania analyzes the economic concentration to be achieved by acquiring the control of S.C. Banca Millennium S.A. by OTP Bank Romania SA. As of October 7, 2014, transaction has received approval from Romania's Competition Office.

Mihai Ristici, Alina Stavaru, Lauren?iu Tisescu, Loredana Boeru and Bianca Nastase of RTPR Allen & Overy and Morais Leitão, Galvão Teles, Soares da Silva & Associados acted as legal advisors for Banco Comercial Português S.A. Alexandru Medelean, Vasile Iuga, Bojidar Neitchev, Florin Cerna and Gabriela Pieleanu of PwC acted as financial advisors for Banco Commercial Português. Eva Talmacsi, Horea Popescu, Szilvia Kabacs, Raluca Ionescu, Mircea Moraru, Cristina Reichmann, Valentina Parvu, Nona Cernov, Anna Burchner, Arpad Lantos, and Ivan Sefer of CMS Cameron McKenna acted as the legal advisor for OTP Bank Romania. KPMG Tanácsadó Kft. acted as fairness opinion provider for OTP.

OTP Bank Romania SA completed the acquisition of Millennium Bank Romania from Banco Comercial Português S.A. (ENXTLS:BCP) on January 8, 2015.