September 1 (SeeNews) - Bosnian lender ASA Banka Nasa i Snazna said on Thursday it plans to launch a takeover bid for local clearing house Bamcard [SAJ:BMCDRK2].
ASA Banka Nasa i Snazna intends to launch the tender offer together with its owner, local ASA Banka, it said in a bourse filing.
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Currently, ASA Banka Nasa i Snazna holds 8,870 shares, representing a 20.0312% stake in Bamcard, whereas Bosnia's ASA Banka owns 4,256 shares, representing a 9.6113% stake.
ASA Banka Nasa i Snazna purchased its stake in Bamcard from ZiraatBank BH, a unit of Turkish lender Ziraat Bankasi, in late August for 1.37 million marka ($702,200/700,500 euro), earlier data by the Sarajevo bourse showed.
ASA Banka Nasa i Snazna operated under the name Sberbank BH until March. ASA Banka acquired it from Austria-based Sberbank Europe, controlled by Russia's Sberbank, for an undisclosed amount, and renamed it to ASA Banka Nasa i Snazna.
(1 euro = 1.95583 marka)
ASA Banka d.d. Sarajevo (formerly known as Investiciono-Komercijalna Banka d.d. Zenica) is among the biggest banks in SEE. You can download our SEE Top 100 ranking
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