N. Macedonia's Teteks buys back own shares
N. Macedonia's Makedonijaturist net profit surges in 2023
Romania's Feb business sentiment improves in construction, manufacturing
Croatia’s Atlantska to order two ships for $65 mln at Jiangsu Hantong
N. Macedonia's Alkaloid cons net profit rises 8% in 2023
Dec 01, 2023 13:56 EEST
December 1 (SeeNews) - Slovenia's mutual fund and asset management company NLB Skladi, part of banking group Nova Ljubljanska Banka [LJSE:NLBR], has asked for approval to acquire North Macedonia's peer Generali Investments A.D. Skopje, the local Commission for Protection of Competition (CPC) said on Friday.
The public can submit comments on the proposed transaction within ten days from the announcement, the Skopje-based CPC said in a notice.
You can subscribe to our M&A newsletter here
NLB Skladi said in November it has agreed to buy the asset management company from Ljubljana-based Generali Investments and three individual shareholders. The value of the deal was not disclosed.
Ljubljana-based Generali Investments holds a 98.34% stake in the Skopje-based unit, according to data on the website of Generali Investments A.D. Skopje. The names of the other shareholders are not displayed.
NLB Skladi is the largest mutual fund management company in Slovenia, as well as the largest asset management company by total assets under management, with a market share of 39.14% at the end of 2022.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options