EBRD and IFC shares at Cacanska banka tradable starting

Shares in Cacanska Banka (CCNB) held by EBRD and IFC will be available for trading at Belgrade Stock Exchange starting from today, BSE reported.

EBRD holds 24.99%, while IFC possess 19.99% in Cacak-based lender. All shares held by these two institutions were issued on the back of capital increase. The last round took place in 2011 when EBRD and IFC paid RSD 17,732 per share. The state holds 28.5% and it tends to sell this stake (along with IFC and EBRD) through the tender contest, which is expected to be closed soon.