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Bosnia's ASA Finance takes control of Vakufska Banka - report

Nov 7, 2019, 6:14:56 PMArticle by Dragana Petrushevska
share
SARAJEVO (Bosnia and Herzegovina), November 7 (SeeNews) – Bosnian financial services company ASA Finance, part of ASA Group, has acquired a majority shareholding in Sarajevo-based Vakufska Banka [SAJ:VKFBR], local media reported on Wednesday.

Bosnia's ASA Finance takes control of Vakufska Banka - report
Author: Radomir Ralev

Through the transaction, ASA Group continues its growth in the banking sector and enables its further consolidation, news portal Klix reported, citing the buying party.

According to a filing with the Sarajevo Stock Exchange (SASE), over 550,000 Vakufska Banka shares were sold at a price of 31 marka apiece on Wednesday. The transaction was valued at a total of 17.202.489 marka ($9,741,600/8,795,500 euro). 

Vakufska Banka was previously controlled by Badeco Adria d.d. Sarajevo, which held a 73.2% stake in the bank.

(1 euro = 1.95583 marka)

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