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ATEbank accepts bid to sell SEKAP to India's Bommidala Enterprises

20. February 2012. | 08:54

Source: AMNA

ATEbank on Friday said its board accepted a bid by Bommidala Enterprises Ltd to buy 1,849,171 common, nominal, voting rights shares, or 50.36 pct in SEKAP, a tobacco products industry owned by the bank.

ATEbank on Friday said its board accepted a bid by Bommidala Enterprises Ltd to buy 1,849,171 common, nominal, voting rights shares, or 50.36 pct in SEKAP, a tobacco products industry owned by the bank.

ATEbank, in an announcement, said that completion of the transaction is pending approval by competition authorities.

The bank said its board also accepted a bid by Eurofarm SA to buy 2,472,867 common, voting rights shares, or 99.98 pct in Hellenic Feed Industries SA and announced a decision to hold an international tender to sell AIKBANKA, its subsidiary in Serbia.

ATEbank said it will hire Investment Bank of Greece and European Privatization and Investment Corporation (EPIC) as consultants to the sale.

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