ZAGREB, Nov 22 (Hina) - The Croatian government's Agency for Savings Insurance and the Rehabilitation of Banks (DAB) signed an agreement with the IntesaBci Holding International, a member of the Gruppo IntesaBci, and with the European
Bank for Reconstruction and Development (EBRD) on the sale of 25 percent plus two shares of the Privredna Banka Zagreb (PBZ) at a price of EUR33 per share, the institutions reported on Friday.
ZAGREB, Nov 22 (Hina) - The Croatian government's Agency for
Savings Insurance and the Rehabilitation of Banks (DAB) signed an
agreement with the IntesaBci Holding International, a member of the
Gruppo IntesaBci, and with the European Bank for Reconstruction and
Development (EBRD) on the sale of 25 percent plus two shares of the
Privredna Banka Zagreb (PBZ) at a price of EUR33 per share, the
institutions reported on Friday. #L#
By selling the shares, the government, that is, the DAB, is no
longer in the PBZ's ownership structure.
Of the total shares sold, ten percent plus two shares have been sold
to the IntesaBci Holding International for EUR54,978,066, while
the EBRD was sold 15 percent of PBZ's shares for EUR82,467,000.
With today's purchase of ten percent plus two shares, the IntesaBci
Holding International owns 76.3 percent of PBZ shares.
Small shareholders own 8.7 percent of the bank's stock.
(hina) lml sb