ZAGREB, March 20 (Hina) - The Zagrebacka Banka (ZABA) Supervisory Board has positively assessed the offer by UniCredito Italiano to buy the bank's remaining voting shares.
ZAGREB, March 20 (Hina) - The Zagrebacka Banka (ZABA) Supervisory
Board has positively assessed the offer by UniCredito Italiano to
buy the bank's remaining voting shares. #L#
Around 20 percent of remaining shares are being offered at a price
of USD238.57 per share.
The Supervisory Board believes that the take-over of Zagrebacka
Banka, based on a public tender, would make it possible for the bank
to further improve the quality of its financial services in Croatia
and abroad and expand them, ZABA said in a statement Wednesday.
The board also believes that connecting ZABA with UniCredito and
Allianz will enable the bank to maintain its position as Croatia's
largest and best bank, to the benefit of the Croatian economy, and
help promote it as a key financial institution in South-eastern
Europe.
Before the recent public tender, UniCredito Italiano and Allianz AG
owned a total of 2,299,619 regular shares of Zagrebacka Banka,
which is around 80 percent of the bank's voting capital stock.
(hina) lml sb