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Serbia's AIK Banka increases stake in Slovenian peer Gorenjska Banka

Author Maja Garaca
Serbia's AIK Banka increases stake in Slovenian peer Gorenjska Banka Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

BELGRADE (Serbia), May 16 (SeeNews) – Sebria's AIK Banka has increased its shareholding in Slovenian lender Gorenjska Banka from 24.66% to 25.22%, the latter said on Wednesday.

On May 15, AIK acquired 10,112 shares in Gorenjska Banka, taking its total share count to 97,831, the Slovenian bank said in a filing to the Ljubljana Stock Exchange.

Earlier this month, Serbian news agency Tanjug reported that the country's central bank has given permission to AIK Banka to acquire a stake in Gorenjska Banka held by Slovenian business group Sava.

The central bank, at the request of AIK Banka, has allowed the Serbian lender to become owner of up to 100% of its Slovenian peer, Tanjug said.

According to data posted on Gorenjska Banka's site, Sava controls 37.65% in the bank. Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), holds 6.8%, Slovenian insurer Triglav owns 4.05%, Telekom Slovenije 1.63%, while the remainder is in the hands of small shareholders.

On April 16, Sava gave AIK Banka until end April to provide written proof that it has obtained consent from Serbia's central bank, Slovenia's central bank and the European Central Bank for the deal. However, AIK Banka has failed to do so.

Sava was ordered to sell its stake in Gorenjska by Slovenia's central bank in 2016. The business conglomerate is a member of a consortium of Gorenjska Banka shareholders formed in July 2016 with the intent to sell a combined shareholding of over 50%.

In February last year, Slovenia's central bank gave the green light to AIK Banka to increase its stake in Gorenjska Banka to more than 50%.