Erste Group completed the acquisition of an additional 5.4% stake in Erste Plavi from Zavarovalnica Triglav.

Synopsis

Erste Group, a banking and financial services group, completed the acquisition of an additional 5.4% stake in Erste Plavi, a pension fund management company, from Zavarovalnica Triglav, a full-line insurance and financial group. Financial terms were not disclosed.

Principals

target

Erste Doo (erste Plavi)

bidder

Erste Group Bank

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Market Context