September 28 (SeeNews) - Serbian state-run lender Banka Postanska Stedionica has submitted a non-binding bid for the acquisition of Komercijalna Banka Banja Luka, the unit of Komercijalna Banka [BEL:KMBN] in Bosnia's Serb Republic, finance minister Sinisa Mali said on Tuesday.
The non-binding bid was sent last week following an approval by Banka Postanska Stedionica's shareholders, Mali said during a meeting with Slovenia's ambassador to Serbia, Damjan Bergant, according to a Serbian government press release.
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Slovenia's Nova Ljubljanska Banka (NLB) [LJE:NLBR] completed the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka for 394.7 million euro ($463.7 million) on December 30, becoming the third-largest banking group in Serbia.
In April, NLB lifted its stake in Komercijalna Banka to 88% following the completion of a buyout bid.
($ = 0.851125 euro)
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