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Alpha Bank agrees to sell Serbian subsidiary

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Alpha Bank agrees to sell Serbian subsidiary

Alpha Bank AE agreed to sell its 100% stake in Alpha Bank Srbija a.d. Beograd to the Serbian MK Group of companies, subject to regulatory approvals.

Alpha Bank said Jan. 30 that the sale of its Serbian operations is expected to be capital and liquidity accretive and that it is in line with the bank's restructuring plan.