AikGroup to take over Croatian Podravska banka

AikGroup has entered into share purchase agreements with the goal to acquire 613,567 shares in Podravska banka d.d. The shares represent approximately 91.75% of the share capital of Podravska banka, as announced by AikGroup.

The agreed price per share is EUR 68.7851. The closing of the shares acquisition (which is expected in the coming months) is subject to obtaining all the necessary regulatory approvals from the Croatian National Bank, European Central Bank, the competent authority under the Croatian Foreign Investment Screening Act, and competition authorities in Serbia, North Macedonia and Montenegro, the press release says.

Following the closing of the share acquisition, AikGroup will be obligated to announce a mandatory takeover bid for the remaining shares of Podravska banka, in accordance with the Croatian Takeover Act.

This acquisition would be the first investment of AikGroup in the growing Croatian market.

AikBank ad Beograd

AikGroup

Podravska banka

Podravska banka takeover