BELGRADE (Serbia), September 19 (SeeNews) – Slovenia's largest lender Nova Ljubljanska Banka (NLB) has placed the best non-binding bid in the tender for acquisition of Serbia’s Komercijalna Banka [BEL:KMBN], Serbian news daily Danas reported.
NLB offered 450 million euro ($498 million) for the acquisition of the 83.23% stake in Komercijalna Banka owned by the Serbian government, or about 80% of the book value of the shares, daily Danas reported earlier this week.
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Serbia's AIK Banka and Raiffeisen Bank also placed non-binding bids in the tender, offering to pay 430 million euro and 390 million euro, respectively, Danas said.
Earlier this month, Serbia reached an agreement to buy 34.58% of the ordinary shares of Komercijalna Banka held by the European Bank for Reconstruction and Development (EBRD) and IFC Capitalization Fund. Following completion of the transaction, Serbia's government will own 83.23% of the ordinary shares of Komercijalna Banka which it will be able to offer for sale under the ongoing process for privatisation of the bank.
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