MK consolidates ownership in AIK Banka

Source: Wise broker Tuesday, 26.01.2016. 14:43
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After yesterday's big transaction involving four percent of AIK Banka shares, this bank's majority owner, MK Group, issued a notice of intent to acquire the remaining 10.31% of shares that are not under its control, Wisebroker reported, citing the information from the Belgrade Stock Exchange website.

Aside from acquiring common shares, MK also intends to buy preferred and convertible preferred stock. This investor currently controls 13.14% of preferred shares and 56.91% of convertible preferred shares.

A takeover bid is expected to be made within 15 days of the date of the notice of intent. The price of common shares will probably remain the same as in previous bids - RSD 1,800, said Wisebroker analysts.

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