The Swedish investment fund East Capital
sold its entire share in the Belgrade-based Halkbank
(CCBN) last week, during which the bank’s stock was by far the most traded one at the Belgrade Stock Exchange.
Nearly 4% of total ordinary shares were realized in this huge transaction, at the level of RSD 9,700. The buyer was a local investor standing behind an omnibus account.
Halkbank has been run by the eponymous Turkish bank since mid-2016. The Turkish bank acquired the controlling stock of 76.8% of shares for USD 10.9 million in mid-2015.
Until then, the bank’s majority owners were the Republic of Serbia and international financial institutions.