You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bosnia's ASA Banka boosts stake in Privredna Banka

Bosnia's ASA Banka boosts stake in Privredna Banka Privredna Banka Sarajevo logo Photo source: Privredna Banka Sarajevo

SARAJEVO (Bosnia and Herzegovina), June 17 (SeeNews) - Bosnian lender ASA Banka [SAJ:IKBZ] said it has increased its shareholding interest in local Privredna Banka Sarajevo (PBS) [SAJ:BORBRK3] to 9.7617% after buying a 8.445% stake in the peer.

ASA Banka purchased 31,500 shares of PBS at a price of 110 marka ($59/56.2 euro) each on June 9, it said in a bourse filing on Thursday.

You can subscribe to our M&A newsletter here

According to data on the Sarajevo Stock Exchange (SASE) updated on June 10, local financial services company ASA Finance owns 10.9295% of PBS. ASA Finance and ASA Banka are both part of Bosnia-based ASA Group.

PBS shares last traded on the SASE on June 9, when they closed flat at 110 marka.

ASA Banka's shares closed 0.13% higher at 45.66 marka on the SASE on Thursday.

(1 euro = 1.95583 marka)

Share this story
SeeNews in Brief

View our Newsletters