Société Buys Ohridska Bank
02. April 2007. | 12:31 16:33
Ohridska Bank shareholders have accepted a Société Générale Bank offer of EUR 43mn for the takeover of 100 percent of their bank’s stock.
Société Générale officially announced its bid to take over the total of Ohridska Bank’s capital on March 7, in line with Macedonian acquisition regulations. The French bank announced at the time that Ohridska shareholders would be offered EUR 133.3 per share. The condition for a successful takeover was for Société Générale to buy more than 51 percent of Ohridska Bank stock.