Banca Transilvania in Advanced Talks to Buy OTP’s Romanian Unit

Banca Transilvania SA is in advanced talks to buy OTP Bank Nyrt.’s Romanian unit after it outbid Austrian rival Raiffeisen Bank International AG, according to people familiar with the discussions.

Banca Transilvania, Romania’s largest lender, and Hungary’s OTP aim to conclude the negotiations by the year-end, said the people, asking not to be identified as the information is confidential. No decision has been made and the talks could still fall apart, they said.

Spokespeople for OTP and Raiffeisen declined to comment. Banca Transilvania didn’t immediately respond to phone calls and emails seeking comment. It said in October that ...