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Home/News/Serbia’s AIK bank plans to buy rest of Slovenian Gorenjska Banka

Serbia’s AIK bank plans to buy rest of Slovenian Gorenjska Banka

Serbia’s AIK bank plans to announce a takeover bid for all shares of Slovenian Gorenjska Banka, AIK said in a statement on Friday without disclosing the bid value.

AIK owns 21 percent of Gorenjska and is due to buy another 37.7 percent from finance and tourism company Sava, according to a report by news agency STA earlier this month. That would raise AIK’s stake in Gorenjska to over 50 percent, obliging the lender to make a bid for the rest of the shares at the same price at which it would buy the stake from Sava.

Gorenjska has a market stake of about 4.7 percent in Slovenia, according to balance sheet assets.

Source: Reuters