Patria Bank to sell asset management unit to BRD for €5.5 million

Business Forum

10 March, 2026 at 9:06 AM

Patria Bank has signed a contract to sell its 99.9% stake in SAI Patria Asset Management to BRD Asset Management SAI for €5.5 million.

The transaction, announced on March 9, 2026, involves the sale of Patria Bank's subsidiary that manages open-end investment funds, including the ETF BET Patria – Tradeville fund, Romania's largest ETF-type fund.

The base price of €5.5 million may be adjusted according to contractual arrangements. "The estimated impact of the transaction on the profit and loss account for 2026, assuming the transaction is completed at the base price, is approximately RON 26 million," the bank stated.

The deal's completion depends on standard conditions including regulatory approvals from the Financial Supervision Authority for the acquisition project and BRD Asset Management's status as a significant shareholder.

Given these conditions, which depend on third parties, there is no certainty whether the transaction will be implemented or completed in 2026, Patria Bank noted.

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