SeeNews’ Post

📌Our story of the week The Slovenian competition watchdog approved a takeover bid for savings bank Lon, the tenth biggest bank in the country, by construction company GIC GRADNJE and individual Otmar Zorn.⬇ Why it is important A successful takeover bid would be another step in the ongoing consolidation of the Slovenian market. Earlier this month, OTP’s Slovenian subsidiaries, Nova Kreditna Banka Maribor (NKBM) and SKB Banka, completed a merger giving OTP control over around 30% of the Slovenian market. ⬇ The details According to Slovenian daily Delo, the price offered in the takeover bid is 75 euro per share, as all 224,125 shares are targeted. ⬇ #deals #banks #slovenia #southeasteurope

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