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Slovenia NLB puts non-binding bid for Serbia’s Komercijalna Banka - report

Author Radomir Ralev
Slovenia NLB puts non-binding bid for Serbia’s Komercijalna Banka - report Author: Radomir Ralev

BELGRADE (Serbia), September 13 (SeeNews) – Slovenia's largest lender Nova Ljubljanska Banka (NLB) has filed a non-binding bid in the tender for acquisition of Serbia’s Komercijalna Banka [BEL:KMBN], Slovenian news daily Dnevnik reported.

A total of six investors are in the race for Komercijalna Banka, including NLB, daily Dnevnik said on Thursday, quoting unofficial sources.

Earlier this week, Serbia's finance minister Sinisa Mali said the government has received four non-binding bids in the tender for the privatisation of Komercijalna Banka. The sale is expected to be completed by the end of 2019, Mali said.

Last week, Serbia reached an agreement to buy 34.58% of the ordinary shares in Komercijalna Banka held by the European Bank for Reconstruction and Development (EBRD) and IFC Capitalization Fund. Following completion of the transaction, Serbia's government will own 83.23% of the ordinary shares of Komercijalna Banka which it will be able to offer for sale under the ongoing process for privatisation of the bank.

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