OTP Bank Plc. (BUSE:OTP) is in talks to acquire Banco Popolare Croatia dd (ZGSE:SSNC-R-A), unofficial sources confirmed for SeeNews. Earlier in the day, local media reported that the deal is set to be announced later this week.

In October, Croatian media reported that OTP Bank was conducting due diligence at the Croatian unit of Italy's Banco Popolare, which is planning to exit the market of the Eastern European country. OTP Bank declined to comment, while Banco Popolare wasn't immediately available to do so.