Serbian government offered 450 million Euros for Komercijalna Bank shares

Serbian government offered 450 million Euros for Komercijalna Bank shares

Serbian government offered 450 million Euros for Komercijalna Bank shares Izvor: N1

The best offer to buy the majority of shares in the Komercijalna Bank from the Serbian government was made by Slovenia’s NLB Bank, Belgrade daily Danas said on Tuesday.

The Serbian government invited offers to buy it 82.23 percent share of the bank and got four non-binding offers.  

Danas said that it had learned unofficially that the NLB Bank offered 450 million Euros for the shares. That offer was higher than the Serbian AIK Bank offer of 430 million Euro and the Austrian Raiffeisen Bank of 390 million Euro.  

The total value of the Komercijalna Bank is estimated at some 550 million Euro. Danas said that there have been claims that the government would take 500 million Euro for the bank.  

The Serbian government recently bought just under 35 percent of the shares in the bank from the European Bank for Reconstruction and Development (EBRD) and International Financial Corporation (IFC).

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