Germany's GLS Alternative Investments Sicav to buy into Bosnia's MF Banka - report

The value of the transaction is yet to be determined but it is expected to reach 2.5 million euro ($2.56 million), news agency Capital reported on Friday.

The sale is planned to be completed in the first quarter of 2023. MF Banka's shareholders are expected to vote on the deal in December.

As of November 17, Mikrofin held a 79.19% stake in MF Banka, Dutch development bank FMO - 11.57% and Germany's KfW - 9.24%, bourse data showed.

MF Banka's shares have not traded on the Banja Luka Stock Exchange in the past year.

($ = 0.9749 euro)