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Steiermarkische Bank und Sparkassen buys 91.5733% of N. Macedonia's Ohridska Banka

Author Mario Tanev
Steiermarkische Bank und Sparkassen buys 91.5733% of N. Macedonia's Ohridska Banka Author: The European Bank for Reconstruction and Development (EBRD) / All rights reserved.

SKOPJE (North Macedonia), October 28 (SeeNews) - North Macedonia-based lender Ohridska Banka [MSE:OHB] said on Monday that Austria's Steiermarkische Bank und Sparkassen has successfully closed a buyout bid for a majority stake in the company.

Ohridska Banka provided no further details.

In a separate statement on Friday, North Macedonia's financial regulator said that 143 shareholders, controlling a total of 91.5733% in Ohridska Banka, have accepted Steiermarkische Bank und Sparkassen's buyout offer priced at 6,298.79 denars per share.

Steiermarkische Bank und Sparkassen will pay a total of 2.98 billion denars ($53.7 million/48.4 million euro) for the 472,839 shares in Ohridska Banka, representing the 91.5733% interest.

The minimum threshold for considering the bid successful was the acquisition of 384,844.

Ohridska Banka shares last traded on the stock exchange in Skopje on October 18 at a price of 6,150 denars.

In February, French lender Societe Generale agreed to sell its 74.53% stake in Ohridska Banka to Steiermarkische Bank und Sparkassen for 2.42 billion denars, or 6,298.79 denars per share.

(1 euro = 61.4967 denars)

 

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