December 22, 2017 / 7:16 AM / a year ago

Serbia's AIK bank plans to buy rest of Slovenian Gorenjska Banka

LJUBLJANA, Dec 22 (Reuters) - Serbia’s AIK bank plans to announce a takeover bid for all shares of Slovenian Gorenjska Banka, AIK said in a statement on Friday without disclosing the bid value.

AIK owns 21 percent of Gorenjska and is due to buy another 37.7 percent from finance and tourism company Sava, according to a report by news agency STA earlier this month.

That would raise AIK’s stake in Gorenjska to over 50 percent, obliging the lender to make a bid for the rest of the shares at the same price at which it would buy the stake from Sava.

Gorenjska has a market stake of about 4.7 percent in Slovenia, according to balance sheet assets. (Reporting By Marja Novak; Editing by Subhranshu Sahu)

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