August 31 (SeeNews) - Eurostandard Bank AD Skopje, which is in bankruptcy proceedings, will offer for sale shareholding interest in six local companies at a public auction on the Macedonian Stock Exchange (MSE) on September 2, the bourse said.
Eurostandard Banka will offer 8,152 shares representing a 0.27% stake in construction company Granit at a price of 1,250 denars ($24/20.3 euro) apiece and 235 shares representing a 0.21% stake in fuel retailer Makpetrol at a price of 82,000 denars per share under the "All-or-None" method, the Skopje bourse said in a tender notice on Monday.
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A total of 276 shares (a 9.89% stake) in the MSE will be offered for sale at a price of 61,526 denars per share; and 160 shares representing 0.62% interest in pharmaceutical company Replek will be offered at a price of 105,000 denars apiece under the same method.
The bank will also offer 890 shares, representing a 14.83% stake, in the Central Securities Depository, as well as 632 shares, or a 2.59% stake, in payment operator KIBS. The shares in these two companies will be offered at a price of 15,000 denars apiece under the "Sell in Parts" model.
A Skopje court opened bankruptcy proceedings against Eurostandard Banka in August 2020 after North Macedonia's central bank revoked the lender's founding and operating licence due to non-compliance with the minimum requirements for operating a bank.
Eurostandard was equally owned by E.H.H. Eastern Hemisphere Holding SA and G.O.F.I. Group of Finance and Investment SA, both based in Switzerland, according to data from August 2020 published on the former website of the bank.
(1 euro = 61.61 denars)