Pago Croatia acquires 7.08% of Slatinska Banka

Pago Croatia acquired the stake consisting of 60,000 regular shares in a deal verified on August 30, Pago said in a statement filed on the Zagreb bourse by Slatinska Banka.

According to another bourse filing by Slatinska Banka late on Monday, lender Banka Splitsko-Dalmatinska, which is undergoing a bankruptcy procedure, sold the stake to Pago Croatia last month. It did not elaborate on the value of the deal.

Following the transaction, Pago Croatia is the sixth largest shareholder in Slatinska Banka as none of the shareholders owns more than 9.22%, according to data from the Zagreb bourse.

Pago Croatia represents on the Croatian market Austrian fruit juices brand Pago.

Slatinska Banka's shares traded 9% higher at 54.50 kuna ($7.2/7.2 euro) intraday on Tuesday on the Zagreb bourse.

(1 euro = 7. 514 kuna)