Alta Pay Makes Bid for Full Takeover of Alta Bank
As said, Alta Pay became the dominant shareholder of Jubmes Banka in May 2019, when it bought 28.5% shares at a price of RSD 7,207 per share. Let us remind that, recently, Alta Pay Group announced for eKapija that they intended to buy all the shares of Alta Bank.
The current bid makes up around 31% of the book value of the shares as of the end of June 2021.
At the offered price of RSD 4,350, the bank’s market capitalization is RSD 1.25 billion (EUR 10.7 million).
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