NLB and AIK Banka one of the candidates for the takeover of Komercijalna Banka

The planned sale of the second-biggest bank in Serbia, Komercijalna Banka has attracted interest from Raiffeisen bank, NLB bank and a U.S.-European consortium among others.

The Serbian government plans to sell up to 83.23% of Komercijalna Banka’s shares and revealed the criteria for potential bidders in May. The Serbian Finance Ministry said that it had received six valid letters of interest, but gave no details.

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However, unnamed sources of the Blic daily reveal that the candidates interested in acquiring a stake in Komercijalna Banka include six banks such as Austria’s Raiffeisen, Serbia’s AIK Banka and Slovenia’s NLB, which had all expressed interest. A consortium comprised of U.S.-based Ripplewood Advisors, Serbia’s Direktna Banka and Greece’s Eurobank had also expressed interest.

The Serbian branch of Nova Ljubljanska Banka (NLB) did not confirm or deny media reports that NLB will compete for the purchase of Komercijalna Banka, but, according to the Ljubljana-based daily Delo, did say that the Serbian market, as the largest market in the region, was a market that NLB Group was strongly focusing on.

Last week, Serbian authorities purchased 6.8% of Komercijalna Banka’s shares from the DEG and the SVED funds for 5.1 billion dinars (43.7 million euro), the Serbian Ministry of Finance confirmed. The Serbian government had purchased a total 1,159,000 shares from the German and the Swedish funds respectively at a price of 4,447 dinars per share.

 (Blic, 03.07.2019)


This post is also available in: Italiano

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