AIK Bank given end-April deadline for acquisition of Gorenjska

The shareholders of the Slovenian financial holding Sava gave the Belgrade-based AIK Bank additional time, until the end of April, to obtain authorization by the National Bank of Serbia (NBS) for the acquisition of this Slovenian bank, Reuters reports.

Sava, the biggest shareholder in Gorenjska Banka, reached the decision to sell a 37.7% stake of Gorenjska to AIK back in December 2017, but the NBS revoked the permission due to “irregularities in operations” of AIK.

AIK, which is the second biggest individual owner of Gorenjska Banka with a 20.99% stake, offered EUR 298 per share, which would value the whole bank at around EUR 115 million.

In case it takes over the Sava stake, the Serbian bank will also have to bid for all the remaining shares in Gorenjska.

AikBank ad Beograd

Narodna banka Srbije Beograd

Sava d.d. Kranj

GORENJSKA BANKA d.d. Kranj

NBS

Sava Slovenia

Gorenjska Banka shares

sale of Gorenjska Banke