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Serbia gets 3 binding bids for Komercijalna banka stake

The Serbian state received three binding bids in the second phase of a tender to sell its 83.23% stake in Komercijalna banka a.d. Beograd, the country's finance ministry said.

In the coming days, the ministry will analyze and evaluate the bids with the help of a financial adviser and will rank them. Qualified bidders will be notified of the ranking, and the best-ranked bidder will be invited to launch negotiations on the purchase of the state-owned stake in Komercijalna, the finance ministry noted.

The bids were from Serbia-based AIK Banka a.d. Beograd, Slovenia's Nova Ljubljanska banka d.d. and Raiffeisen Bank International AG, SEENews said. U.S. private equity firm Ripplewood Advisors, which was also rumored to be among potential buyers, did not submit a binding bid for Komercijalna, the newswire noted, citing Serbian daily Blic.