The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria and their merger will not lead to a significant change of market share. BACB plans to acquire 6.796mn voting shares in Tokuda Bank with a par value of BGN10 (€5.1) per share, BACB said in a statement without providing further details. The deal will have to be approved by Bulgarian regulatory bodies – the central bank and the Competition protection Commission (CPC). Currently, BACB is the 12 largest ba…