SPLITSKA BANK SPLIT, Feb 27 (Hina) - As of Wednesday, Bank Austria Creditanstalt, which is part of HVB Group in charge of Central and East European markets, is the majority owner of Splitska Banka. The contract on the purchase of
shares of the leading bank in Dalmatia from Italy's Unicredito and the State Agency for the Financial Rehabilitation of Banks (DAB) at a price of EUR132.1 million, was signed on the "Petar Hektorovic" ship at the Split port by a Bank Austria Creditanstalt management board member, Erich Hampel, Unicredito vice-president Roberto Nicastro, and DAB management board chairman Marinko Filipovic . Bank Austria Creditanstalt bought from Unicredito 63 percent and from the DAB 25% of the bank's shares at a price of EUR132.1 million, or EUR41.5 per share. This price is as much as 63% higher than the price at which Unicredito bought the bank from DAB a year and a half ago. Unicredito representatives
SPLIT, Feb 27 (Hina) - As of Wednesday, Bank Austria Creditanstalt,
which is part of HVB Group in charge of Central and East European
markets, is the majority owner of Splitska Banka.
The contract on the purchase of shares of the leading bank in
Dalmatia from Italy's Unicredito and the State Agency for the
Financial Rehabilitation of Banks (DAB) at a price of EUR132.1
million, was signed on the "Petar Hektorovic" ship at the Split port
by a Bank Austria Creditanstalt management board member, Erich
Hampel, Unicredito vice-president Roberto Nicastro, and DAB
management board chairman Marinko Filipovic .
Bank Austria Creditanstalt bought from Unicredito 63 percent and
from the DAB 25% of the bank's shares at a price of EUR132.1 million,
or EUR41.5 per share. This price is as much as 63% higher than the
price at which Unicredito bought the bank from DAB a year and a half
ago. Unicredito representatives did not hide their satisfaction
with the contract. They said Splitska Banka had become the best bank
in all countries in transition under their management.
(hina) sb rml