August 28 (SeeNews) - Serbia has extended the deadline for submitting non-bindings bids in the tender for the sale of Komercijalna Banka [BEL:KMBN] by two weeks, finance minister Sinisa Mali said.
The deadline has been extended to September 6, with the received non-binding bids to be opened on September 10, Mali said on Tuesday during a meeting with the financial institutions managing director of the European Bank for Reconstruction and Development (EBRD), Francis Malige, according to a government press release.
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In late May, the government invited non-binding bids for the purchase of at least 50.1% shareholding interest in Komercijalna Banka, including the entire state-owned stake, which then stood at 41.75%, and set August 23 as the deadline for submitting the bids.
In addition to purchasing the state-owned stake, the buyer will acquire all or part of the 41.48% shareholding interest in Komercijalna Banka held by the EBRD, IFC Capitalization Fund, German investment fund DEG and Sweden's Swedfund, the finance ministry said earlier. In this way, the investor will be able to control a stake of up to 83.23%.
Meanwhile, the Serbian government bought in June a 6.8% stake in Komercijalna from DEG and Swedfund for a total of 5.1 billion dinars ($48.3 million/42.5 million euro) on the Belgrade Stock Exchange.
Komercijalna Banka generated the highest turnover on the Belgrade Stock Exchange on Tuesday, as a total of 5,010 of its shares changed hands in a turnover of 15.8 million dinars. Komercijalna Banka closed up 0.16% at 3,150 dinars.
(1 euro = 117.747 dinars)
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