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Serbia's AIK Banka completes takeover of Slovenian peer Gorenjska

Author Radomir Ralev
Serbia's AIK Banka completes takeover of Slovenian peer Gorenjska Source: Gorenjska Banka

BELGRADE (Serbia), June 12 (SeeNews) - Serbia's AIK Banka has completed the acquisition of the entire capital of Slovenian peer Gorenjska Banka, it said.

AIK Banka officially became owner of 100% of the capital of Gorenjska Banka on June 10, after acquiring the shares held by minority shareholders, the Serbian lender said in a statement on Tuesday. 

In March, AIK Banka increased its stake in Gorenjska Banka to 90.1% from 77.7% as part of a takeover bid. AIK Banka launched its takeover bid on February 14, offering to pay 298 euro ($337.8) for each of the 86,611 shares it did not control in Gorenjska Banka. Slovenia's sovereign holding company SDH sold its 1,201 shares in Gorenjska Banka to AIK Banka later in March.

With the acquisition, Gorenjska Banka gets a strategic partner which will support its future development and establish a new banking group to play an important role in Slovenia and the region, the president of the Slovenian bank, Mario Henjak, said in March.

In 2018, the Slovenian authorities banned the launch of a takeover bid for Gorenjska Banka by AIK Banka, which expired on January 22. The ban was imposed as AIK Banka failed to launch a takeover bid for Gorenjska Banka at the end of 2017.

($ = 0.882134 euro)