Government of Serbia refused offer of EFG Eurobank on procurement of State-owned package of stocks of National Savings Bank

Government of Serbia has decided not to accept offer of Greek EFG Eurobank for takeover of State-owned package of stocks in National Savings Bank.

EFG Eurobank gave the offer for procurement of 90% of assets of National Savings Bank at price of 627,540 CSD per stock.

This bank already owns about 10% of stocks of the National Savings Bank and it signed the agreement on August 24, 2005 with minor stockholders of that bank on takeover of their 49% of stock capital.