Posted by on 23 Nov 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Dexia minority shareholders don’t want to sell

The recent acquisition of a majority stake in Dexia banka slovensko by investment group Penta carries the obligation to offer the buyout of the remaining shares, but neither side is interested.

A minority share in the bank is held by municipalities, and they have not shown any interest in selling up. The majority owner Penta has announced that it also is not so interested in the minority share, but that it has to make a public offer by law anyway.

Penta states that it will offer “the best price possible” for the remaining 12% of shares that it does not control. this price will only be known once the takeover of Dexia banka Slovensko by Penta culminates, but this will take a few months as it must firstly go through the National Bank of Slovakia and the Anti-Trust Authority.

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