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Slovenia's Addiko Bank to sell brokerage ops

Slovenia'slargest brokerage company, Alta Invest, agreed to acquire the brokeragebusiness of Addiko Bankdd, which will focus on traditional banking activities.

Thetransfer of funds and trading accounts from Addiko Bank to Alta Invest willstart automatically Oct. 6. Financial details of the deal were not disclosed.

AltaInvest said the acquisition is part of a strategic plan under which the AltaGroup aims to have more than 100,000 customers with total assets of some €3billion by the end of 2016.

Addiko Bank dd is a unit of Austria's , Hypo Group Alpe Adria AG.