Slovenia's NLB Skladi completes buy of N. Macedonia's Generali Investments

With the acquisition, NLB Skladi is completing its portfolio of products in North Macedonia with asset management services, Generali Investments said in a press release.

The acquisition was caried out in a block transaction worth 153.9 million denars ($2.7 million/2.5 million euro), according to Skopje bourse data on Wednesday.

NLB Skladi said in November it has agreed to buy the asset management company from Ljubljana-based Generali Investments and three individual shareholders.

Generali Investments AD Skopje is the third-largest investment fund management company in North Macedonia, holding an 18% market share and managing around 48 million euro ($52 million) across four investment funds.

(1 euro = 61.56 denars)