trending Market Intelligence /marketintelligence/en/news-insights/trending/UExsttjEss5x1m55a1DL0A2 content esgSubNav
In This List

Report: Binding bids in Serbia's Komercijalna banka tender to be filed by Dec. 2

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Report: Binding bids in Serbia's Komercijalna banka tender to be filed by Dec. 2

Serbia expects investors interested in purchasing a controlling stake in Komercijalna banka a.d. Beograd to file their binding bids by Dec. 2, news agency Tanjug reported Oct. 15.

Four nonbinding bids were filed by investors in the first phase of a tender for an 83.23% holding in Komercijalna, and a due diligence procedure is now underway before the bidders submit their binding offers, Serbian Finance Minister Siniša Mali was cited as saying.

Slovenia-based Nova Ljubljanska banka d.d. reportedly submitted the highest nonbinding bid for Komercijalna, offering to pay €450 million for the 83.23% stake. Meanwhile, AIK Banka a.d. Beograd and Raiffeisen Bank International AG unit Raiffeisen banka a.d. Beograd submitted nonbinding bids of €430 million and €390 million, respectively.