Source: Wise broker | Monday, 12.09.2016.| 10:04
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East Capital leaves Halkbank Serbia

(Photo: SergeyP/shutterstock.com)
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.

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