Sale to the Turks fails – Attempt of Halkbank to aacquire Cacanka banka fails

Source: Beta

Thursday, 04.12.2014.

14:17

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Turkish state-owned bank, Halkbank, announced that its attempt to acquire 76,76% of shares at Cacanska banka failed..

Halkbank announced it failed to agree on price with the Serbian party, not stating the price it offered.

A total of 28,48% at Cacanska banka is state-owned, EBRD has 24,99% IFC has 19,99% IFC and shareholders own the remaining part..

The bank has been operating as a regional bank since 1956 in western and central Serbia and has 390 people.

Halkbank is the sixth bank for its capital in Turkey, with 862 branch offices country-wide.

Companies:

Halkbank AD Beograd

Halkbank a.d. Skopje Predstavništvo Beograd

Tags:

Halkbanka

EBRD

IFC

sale of Čačanska banka

privaization of Čačanske banka

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