Kostic has made 480 mln euro bid for Slovenian Abanka - paper

At the invitation of the Slovenian Sovereign Holding, which is in charge of the privatisation of the country's Abanka, Serbian AIK banka, owned by Miodrag Kostic, has made the highest bid for the bank, Croatia's Poslovni dnevnik reports.

15 Maj 2019 15:41

MARIBOR - At the invitation of the Slovenian Sovereign Holding, which is in charge of the privatisation of the country's Abanka, Serbian AIK banka, owned by Miodrag Kostic, has made the highest bid for the bank, Croatia's Poslovni dnevnik reports.

Slovenia is selling its third-largest bank as part of obligations to the European Commission in connection with a 2013 general bank overhaul.

Bids of around 400 mln euros have been submitted - and then also improved - by each of the three interested investors - AIK Banka, Slovenia's KBM and the Hungarian OTP bank, the paper said, quoting a report by Maribor, Slovenia-based daily Vecer.

According to unofficial sources, Kostic, who recently acquired the Slovenian Gorenjska banka, ultimately offered 480 mln euros for Abanka, whose accounting value was 583 mln euros at the end of 2018.

The final Nova KBM and OTP bids are both inferior to that of AIK banka, Vecer said.


Photo: Tanjug/O. Toskic, file



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