EUROBANK EFG becomes full owner of NACIONALNA STEDIONICA BANKA

Eurobank EFG has become the 100% share owner of Nacionalna Stedionica Banka, following the signing of an Agreement with the Serbian Government to acquire the remaining 37.7% of the shares of Nacionalna Stedionica - banka (NSB) held by the Republic of Serbia, at Euro 35m. Mr. Mladjan Dinkic, Minister of Finance of the Serbian Republic, and Mr. Nicholas Nanopoulos, Chief Executive Officer of the Athens-based Eurobank EFG group, signed the Agreement today at the Government Building in Belgrade. It is noted that in September 2005, Eurobank EFG had successfully acquired a 52.5% stake in NSB through a public take-Over-Bid process (which then allowed it to become owner of 62.3% in NSB). The signing of today's agreement that transfers the shareholding and control of Nacionalna Stedionica - banka to Eurobank EFG group paves the way for the merger of NSB with EFG Eurobank A.D. Beograd, to create one of the largest and most innovative banks in Serbia that will offer comprehensive service to Serbian businesses and individuals on a national scale. The new bank will focus on retail and corporate banking activities for small-, medium- and large-sized companies. Following the signing of the agreement, the Serbian Minister of Finance Mr. Mladjan Dinkic and Ambassador of Greece Mr. Christos Panagopoulos addressed the audience on behalf of their governments and welcomed the agreement as further evidence of the excellent relations between the two countries.


Search
Toolbox
Market

Composite index

Calendar

FinancialCalendarPortlet

Asset Publisher