As part of the transaction, KBC offered the bank E894.98 per share. As a result, the company paid a total consideration of E96.5 million for A Banka.
Commenting on the deal, Andre Bergen, CEO of KBC Group, said: KBC has identified Serbia as one of the key financial markets in the Balkan region. Today, we have officially become A Banka’s new shareholder. As such, we are committed to enhancing the growth and expansion of the bank to the benefit of its clients and employees.
Welcoming the new shareholder, Miroljub Aleksic, founder and former owner of A Banka, added: At the same time, being integrated into a leading financial group like KBC also guarantees the future and the career prospects of A Banka’s employees. We are sure that robust activity and further developments on the market, together with a growing insurance and securities business in Serbia, will enable KBC to make significant progress in a very short time, as was the case in central Europe.
