Eurobank Serbia to merge with Direktna Banka.

Eurobank Serbia, a financial organization, agreed to merge with Direktna Banka, a Serbian bank. Eurobank will control c. 70% of the combined bank while Direktna’s shareholders will own the remaining 30%. Financial terms were not disclosed. "This transaction is in line with Eurobank’s strategy to further expand its international activities and create additional value for its shareholders via targeted acquisitions, mergers or joint ventures," Stavros Ioannou, Deputy CEO, Eurobank Chief Operating Officer & Head of International Activities.