East Capital leaves Halkbank Serbia

The Swedish investment fund East Capital sold its entire share in the Belgrade-based Halkbank (CCBN) last week, during which the bank’s stock was by far the most traded one at the Belgrade Stock Exchange.

Nearly 4% of total ordinary shares were realized in this huge transaction, at the level of RSD 9,700. The buyer was a local investor standing behind an omnibus account.

Halkbank has been run by the eponymous Turkish bank since mid-2016. The Turkish bank acquired the controlling stock of 76.8% of shares for USD 10.9 million in mid-2015.

Until then, the bank’s majority owners were the Republic of Serbia and international financial institutions.

Halkbank AD Beograd

East Capital Sweden

Beogradska berza a.d. Beograd

Halkbank Belgrade

Halkbank

East Capital

Halkbank Turkey

CCBN

Belgrade Stock Exchange