AIK to become majority owner of Gorenjska Banka?

The owners of Gorenjska Banka have chosen the buyer of a 55% share in the bank, the Serbian AIK Bank, Slovenia's Delo learns unofficially.

AIK already owns more than a 20% share in Gorenjska Banka, and, in late February 2017, it got a permit from the Bank of Slovenia to acquire a majority share.

Kostic's AIK Bank offered EUR 280 for a Gorenjska Banka share, whereas the American fund Apollo Global Management, which already owns Nova KMB, offered EUR 235. In early December AIK Bank raised the offer to EUR 298.

In the first nine months of 2017, Gorenjska Banka had a gross operating profit of EUR 10.4 billion, 8% more than in the corresponding period of 2016. The bank now has a market share of 4.6%.

AIK Banka a.d. Beograd

GORENJSKA BANKA d.d. Kranj

Banka Slovenije Ljubljana

Apollo Global Management LLC New York

Nova KBM d.d. Maribor

Bank of Slovenia

investment fund Apollo Global Management

Apollo

Miodrag Kostic

Gorenjska Banka shares

purchase of Gorenjska Banka