July 5 (SeeNews) - Austria-based Raiffeisen SEE Region Holding has squeezed out the minority shareholders at its Bosnian arm, Raiffeisen Bank BiH, the Bosnian bank said on Friday.
In particular, Bosnia's Federation registry of securities has transferred 38 Raiffeisen Bank BiH shares from the accounts of minority shareholders to the account of Raiffeisen SEE Region Holding on July 3, the Bosnian lender said in a filing to the Sarajevo bourse.
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Prior to the move, the holding increased its stake in Raiffeisen Bank BiH by 0.0010% to 99.9962% in its most recent buyout bid that closed on June 17.
Raiffeisen has been present in Bosnia since 2000, when it acquired Market Banka.
Raiffeisen Bank BiH is based in Sarajevo, in the Federation, one of the two autonomous entities making up Bosnia and Herzegovina. It has branches in the other entity, the Serb Republic.
Raiffeisen Bank d.d. Bosna i Hercegovina is among the biggest banks in SEE. You can download our SEE Top 100 ranking
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