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

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

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.

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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