's mainshareholder, MK Group, is seeking to acquire shares from the Serbian lender'sminority shareholders, Wisebroker reported March 28.
Followingits recent takeover deal, which was completed March 9, MK Group consolidatedmore than 90% of AIK Banka common shares, which under Serbian law allows it tolaunch a compulsory squeeze-out of minority shareholders, the news report noted.
Thecompulsory purchase of shares will be carried out at a price offered during thelast takeover bid, which amounted to 1,800 Serbian dinars for each AIK Bankacommon share.
Duringthe takeover bid launched in February, MK Group purchased 2.3% ordinary shares,0.28% cumulative preferred shares and 1.7% convertible preferred shares of AIKBanka, giving it ownership of 91.9% of the ordinary shares, 87.1% of thecumulative preferred shares and 44.8% of the convertible preferred shares,Wisebroker noted March 11.
As of March 29, US$1 wasequivalent to 109.52 Serbian dinars.