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Serbia: DUNAV Osiguranje sold a part of the shares it held in KOMECIJALNA Banka

DUNAV Osiguranje, the biggest insurance company in Serbia, sold to ERSTE Bank, in mid-January, 1% of the shares it owned in KOMECIJALNA Banka.

The transaction amounted to EUR 2.03 million and the price per share was approx. EUR 248.7.
DUNAV Osiguranje is the largest insurance company in Serbia, with a 140 years tradition. The financial group DUNAV also includes DUNAV Re, DUNAV Penzije, DUNAV Stockbroker, DUNAV Auto, KOSIG DUNAV Osiguranje and, starting December the 13th 2010, DUNAV Banka.

The Austrian group ERSTE is one of the leading financial corporations in Central and Eastern Europe, serving 17 million clients. The business is developed in eight countries, through over 3.000 branches: Austria (ERSTE Bank Osterreich), Czech Republic (CESKA Sporitelna), Slovakia (SLOVENSKA Sporitelna), Hungary (ERSTE Bank Hungary), Croatia (ERSTE Bank Croatia), Serbia (ERSTE Bank Serbia), Romania (BANCA COMERCIALA) and Ukraine (ERSTE Bank Ukraine).

Article written with the support of Dejan GJORGJIJOVSKI, Correspondent, Macedonia

Author: Vlad BOLDIJAR on 27.01.2011

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