Italians eye Daewoo Bank

Italian group IMM Moda Modigliani, operating in the garment industry, is interested in taking over Daewoo Bank Romania and has already reached an in-principle agreement with the National Bank of Romania. The Italian group is led by businessman Giovanni Inocenti and has tried to take over a Romanian bank before (Libra Bank), but the deal fell through after several months of negotiations. Daewoo Bank Romania has been for sale for several years, but only Marco International has voiced interest in the institution so far. ZF