February 26, 2020 / 7:34 PM / a month ago

Slovenia bank NLB to buy Serbia's Komercijalna Banka

LJUBLJANA, Feb 26 (Reuters) - Slovenia’s largest bank NLB signed a contract on Wednesday to buy 83.23% of Serbia’s Komercijalna Banka for 387 million euros ($420.59 million), NLB said in a statement.

It said the transaction is expected to be completed in the last quarter of 2020 and depends upon approvals of the European Central Bank, and the central banks of Slovenia and Serbia.

$1 = 0.9201 euros Reporting By Marja Novak Editing by Chris Reese

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