October 19 (SeeNews) - Hungary's MKB Bank said it terminated examining the possibility and conditions of acquiring shareholding interest in Croatia's Slatinska Banka [ZSE:SNBA].
The examination of a potential acquisition was terminated without submitting an offer, the Hungarian bank said in a statement last week.
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It gave no further details.
In June, Slatinska Banka said that MKB Bank launched a due diligence process with the aim of entering its shareholding structure.
In September, Hungarian open-end investment fund MKB Egyensuly acquired a 9.22% stake in Slatinska, becoming its largest single shareholder. The remainder of Slatinska is held by minority shareholders, including the government's Centre for Enterprise Restructuring and Privatisation, CERP, with 5.23%, Zagreb bourse data showed on October 19.
Slatinska was 16th largest bank by assets among 20 banks active in Croatia at the end of June, according to the latest available data published by the country's central bank.
Slatinska's shares last traded on the Zagreb bourse on September 28, closing 1.96% lower at 50 kuna ($7.8/6.6 euro).
(1 euro = 7.58374 kuna)