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Privredna banka Zagreb eyes €33.4M in proceeds from divesting stake in Intesa Sanpaolo Card

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Privredna banka Zagreb eyes €33.4M in proceeds from divesting stake in Intesa Sanpaolo Card

IntesaSanpaolo SpA unit Privredna banka Zagreb d.d. expects approximately €33.4million in pretax proceeds from the sale of its 31.2% stake in

The Croatian lender expects the transaction to be completedby the end of 2016.

Under the transaction announced at the beginning of May, IntesaSanpaolo will sell units Setefi and Intesa Sanpaolo Card to a wholly ownedsubsidiary of Mercury UK Holdco Ltd. in a €1.04 billion cash deal.