PRESS RELEASE
13 February 2026
On 13 February 2026 the European Central Bank (ECB) adopted a decision by which it issued a preliminary authorization for the direct acquisition by Bago (Luxembourg) S.à r.l. of a qualifying holding which exceeds the threshold of 50 percent of the shares in the capital and voting rights in TBI Bank EAD.
Bago (Luxembourg) S.à r.l. is a portfolio company of Advent International L.P., authorised by the U.S. Securities and Exchange Commission as an investment adviser and counts to the world´s largest private equity firms.
Since 1 October 2020 when Bulgaria joined the Single Supervisory Mechanism, the ECB has the exclusive competence to assess notifications of acquisitions of qualifying holdings in credit institutions, with the relevant interaction with the BNB.
