ECB approves the acquisition of tbi bank by Advent International

On February 13, 2026, the European Central Bank (ECB) has issueda decision granting preliminary approval to Bago (Luxembourg) S.à r.l. for the direct acquisition of a qualifying holding exceeding 50% of the shares and voting rights in tbi bank EAD. With this regulatory approval, the transactionannounced in April last year has entered its final stage, and upon successful completion, the bank will become part of the Advent group.

Following Bulgaria’s accession to the Single Supervisory Mechanism, as of 1 October 2020, the ECB has the exclusive competence to assess notifications of the acquisition of qualifying holdings in credit institutions in the relevant interaction with the BNB.