Telenor Bank not to be sold to Czech PPF Group

Source: Novosti Friday, 23.03.2018. 08:42
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Telenor Bank will not be sold to the Czech PPF Group, as confirmed for Novosti by the Telenor seat in Norway.

– Telenor Bank is not part of the transaction and Telenor still owns 100% of Telenor Bank – they point out in their answer to Novosti.

– The announced process of the sale of operations in the region of central and eastern Europe has no impact on the bank’s clients, nor their cooperation with the bank, in any way. All the deposits and credits are safe and Telenor Bank continues its regular operations.

Considering that Telenor Group announced that it planned to sell its CEE operations based on an already signed agreement, the question naturally arose of whether the package included the bank owned by the company.

The National Bank points out that Telenor Bank a.d. Beograd is 100% owned by Copenhagen-based Telenor Denmark Holding A/S.


– After a Bulgarian investment fund was said to be the potential purchaser of Telenor Bank, so far, no other party filed a request for acquiring ownership in this bank – the NBS told Novosti.

– The NBS has not been notified that Telenor Bank is supposed to change ownership. Any party looking to acquire more than 5% can only do so with authorization by the NBS.

The owner of PPF Group is the wealthiest man in the Czech Republic, Petr Kellner. He takes the 88th spot on Forbes’ list, and his wealth is estimated at USD 15.8 billion.

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