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A:
Greek Alpha Bank wins Jubanka tender
Belgrade,
6 December 2004
Based on a December 2nd decision by the Bank Rehabilitation Agency, the commission in charge of selling 88.64 percent of Belgrade-based Jubanka’s state-owned capital has chosen Greece’s Alpha Bank as the preferred bidder in the tender, the Serbian Ministry of Finance said in a statement today.
The statement goes on to say that two bidders had submitted offers, Alpha Bank and Hungarian OTP Bank, and that they were ranked on the basis of the financial offer for the shares, the social programme and the development and investment strategy.
As the preferred bidder, Alpha Bank will be invited to negotiations to finalise a share purchase agreement, reads the statement.
Should negotiations with Alpha Bank fail, the Bank Rehabilitation Agency will enter into negotiations with OTP as the second ranked bidder, according to the statement.
BNP Paribas acts as exclusive financial advisor to the Bank Rehabilitation Agency for this tender.
As the preferred bidder, Alpha Bank will be invited to negotiations to finalise a share purchase agreement, reads the statement.
Should negotiations with Alpha Bank fail, the Bank Rehabilitation Agency will enter into negotiations with OTP as the second ranked bidder, according to the statement.
BNP Paribas acts as exclusive financial advisor to the Bank Rehabilitation Agency for this tender.
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