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Preliminary inquiry underway into attempt to take over Postbank BH -- media

Autor: mses
SARAJEVO, Aug 12 (Hina) - The office of the Sarajevo cantonal prosecutor is conducting a preliminary investigation so as to establish whether a group of business people, some of who are from Croatia, have tried to unlawfully take over the Postbank in Bosnia-Herzegovina, the local Dnevni Avaz daily reported on Thursday.

According to the daily, the main subject of the probe is the Fima Group, which has been developed from the former Varazdin Fima bank and a former chairman of the group's supervisory board, Milan Horvat.

According to available information, a plan for the acquisition of the Postbank BH was the identical to the one which envisaged the takeover of the Croatian food company Podravka and for which Horvat was arrested.

The findings collected so far in the preliminary inquiry show that in June 2009 Postbanka BH approved 33 separate loans to the owners Fima bank, registered in Bosnia-Herzegovina.

The total value of those loans slightly exceeded three million convertible banks (approximately EUR 1.56 million), and they were designated for the injection of fresh capital in the Sarajevo-headquartered Fima Banka.

Fima Banka alone did not have enough funds to purchase a 57-percent package of shares in Postbank BH managed by the Poteza fund, owned by Slovenian nationals and based in the Netherlands. The Slovenians reportedly demanded EUR 7.6 million for that package.

(Hina) ms

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