trending Market Intelligence /marketintelligence/en/news-insights/trending/QMtPTDiTQutgN0-0UhD86Q2 content esgSubNav
In This List

Report: 7 investors submit offers for Slovenia's Abanka

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Report: 7 investors submit offers for Slovenia's Abanka

Seven investors filed nonbinding bids to acquire Slovenian state-owned lender Abanka dd, local daily Delo reported.

The list of bidders includes OTP Bank Nyrt. and Apollo Global Management LLC, which also filed binding offers for Abanka, the news report noted. Reuters reported recently that OTP Bank offered to pay €300 million for the lender.

Other investors eyeing Abanka include Serbia-based AIK Banka a.d. Beograd, Erste Group Bank AG and Blackstone Group LP, Delo said in its March 20 report. Slovenia sought expressions of interest for Abanka in October 2018, as it aims to sell the bank by mid-2019 to meet the conditions of the EU approval for the state aid provided in 2013.

Delo also noted that Kylin Prime Group, backed by Chinese capital, still has not received approval from the Slovenian central bank for its 2018 request regarding the acquisition of a majority holding in local savings bank Hranilnica LON d.d. Kranj.

In November, however, Kylin and a group of local businessmen acquired an over 50% stake in Hranilnica LON. The holding of each of the buyers did not exceed 10%, so the transaction did not require the central bank's approval, the newspaper noted.