EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.
EFG Eurobank group - new majority shareholder of Nacionalna Stedionica Banka
The Take Over Bid (TOB) for Nacionalna Stedionica - banka (NSB) shares was completed yesterday (29/09/05). Eurobank acquired 52.5% through the TOB process at CSD 3,511 million (ca. EUR 41 million). The Group of EFG Eurobank now controls 62.3% of NSB and intends to invest further through the increase of its share capital, in the very near future. NSB has a nationwide network of 70 branches in Serbia. Including the branch network of its subsidiary EFG Eurobank Beograd AD, the Group of EFG Eurobank now operates a combined network of 92 branches nationwide, thus significantly strengthening its position in the Serbian banking market.