Nearly 2.8 mln shares of Bosnia's Nova Banka trade on bourse

A total of 929,001 shares were traded at a price of 0.605 marka apiece in each of the three transactions, data from the bourse in Banja Luka indicated.

The parties to the deals were not disclosed.

No Nova Banka shares changed hands in regular trading on Friday. The stock closed flat at 0.576 marka on Thursday.

The bank’s capital is divided into 94,435,314 shares with par value of 1.0 marka each. Dutch equity fund Adriatic Fund is the bank’s biggest shareholder with a stake of 35.7%. The remainder is owned by smaller shareholders, bourse data showed.

Bosnian news portal Indikator.ba said on Friday that the International Finance Corporation (IFC) had exited Nova Banka last month. The IFC, which entered Nova Banka as a shareholder in 2007, sold its 7,868,637 shares - equal to a 7.87% stake, in eight block transactions for a total of 7.9 million marka on November 23, Indikator.ba said. The buyers were smaller Nova Banka shareholders.

(1 euro=1.95583 Bosnian marka)