RIJEKA, April 12 (Hina) - The Croatian state agency for the insurance of savings deposits and the rehabilitation of banks on Monday signed a contract with the Budapest-based company Deloitte & Touche and London's HSBC Investment
Banking on advisory services in the privatisation of the Rijecka Banka. The agency's head Marijan Sunjic said the two companies had been selected after international offers had been invited, in line with the World Bank regulations. Their task is to assess the value of the Rijecka Banka and suggest ways to privatise the bank by finding a strategic investor, who will bring new knowledge and capital. The Rijecka Banka will probably be privatised through a combination of the sale of shares and recapitalisation. The agency intends to keep the ownership of 25 per cent + 2 shares in order to keep control of strategic decision-making. The privatisation of the Ri
RIJEKA, April 12 (Hina) - The Croatian state agency for the
insurance of savings deposits and the rehabilitation of banks on
Monday signed a contract with the Budapest-based company Deloitte &
Touche and London's HSBC Investment Banking on advisory services in
the privatisation of the Rijecka Banka.
The agency's head Marijan Sunjic said the two companies had been
selected after international offers had been invited, in line with
the World Bank regulations. Their task is to assess the value of the
Rijecka Banka and suggest ways to privatise the bank by finding a
strategic investor, who will bring new knowledge and capital.
The Rijecka Banka will probably be privatised through a combination
of the sale of shares and recapitalisation. The agency intends to
keep the ownership of 25 per cent + 2 shares in order to keep control
of strategic decision-making.
The privatisation of the Rijecka Banka should be completed by the
end of October this year.
(hina) rml