Halk Bank to buy Cacanska Banka? - Prior consent from NBS requested only by Turks

Source: Blic Wednesday, 29.01.2014. 15:29
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(Photo: Ivana Vuksa)
If it bids an appopriate price, Halk Bank from Turkey will most probably become the new owner of Cacanska Banka.
According to the daily Blic, the only request for prior consent from the National Bank of Serbia for the acquisition of stake in Cacanska Banka came from Halk Bank, and the NBS is expected to respond to that request very soon. In order for anyone to be able to buy a stake in Cacanska Banka, they must first get the green light from the NBS because such consent is necessary for every acquisition of more than 5 percent of shares.

The share price is currently at RSD 10,000, whereas the whole bank is valued at RSD 1.8 billion, that is, EUR 15.7 million. The Deposit Insurance Agency is selling a 76.74% stake in the bank.

Aside from the state that holds a stake of 28.48% in Cacanska Banka, its other owners are the European Bank for Reconstruction and Development - 29.9, and the International Finance Corporation from Washington - 19.98%.
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