VARAZDINSKA BANK CHOOSES ZAGREBACKA BANK FOR STRATEGIC PARTNER VARAZDIN, April 21 (Hina) - The Varazdinska Bank supervisory board on Thursday unanimously chose Zagrebacka Bank for its strategic partner. Offers were submitted by
Zagrebacka Bank and the Raiffeisen Bank. Zagrebacka Bank offered 305 kuna (US$38.125) per share, and the latter 300 kuna (US$37.5), with an offer for refinancing. According to supervisory board chairman, Andjelko Herjavec, the board chose Zagrebacka Bank for the price and other conditions. Besides the higher price for shares, the bank said it would enable the Varazdinska Bank to keep its name and autonomy, Herjavec said.(hina) lml jn
VARAZDIN, April 21 (Hina) - The Varazdinska Bank supervisory board
on Thursday unanimously chose Zagrebacka Bank for its strategic
partner.
Offers were submitted by Zagrebacka Bank and the Raiffeisen Bank.
Zagrebacka Bank offered 305 kuna (US$38.125) per share, and the
latter 300 kuna (US$37.5), with an offer for refinancing.
According to supervisory board chairman, Andjelko Herjavec, the
board chose Zagrebacka Bank for the price and other conditions.
Besides the higher price for shares, the bank said it would enable
the Varazdinska Bank to keep its name and autonomy, Herjavec said.
(hina) lml jn