Eurobank announced that, following the receipt of the relevant supervisory approvals, the merger of Direktna with Eurobank’s subsidiary in Serbia, Eurobank Serbia, with the absorption of the former by the latter, has been completed.
The consolidated bank, Eurobank Direktna, in which Eurobank controls 70%, with strong capital adequacy and liquidity and a market share of 6.5%, is ranked seventh in terms of total loans.
In the context of the Transaction, Eurobank Serbia will distribute to the Eurobank Group through a dividend and return of capital an amount of € 232 million.
The transaction is in line, as stated in the announcement, with Eurobank’s strategy for further expansion of its international activities and the creation of additional value for its shareholders through targeted acquisitions and friendly mergers.
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Source From: Capital
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