Fortenova Said To Seek Alternative Buyer For Sberbank's Stake
Date
8/27/2022 6:02:26 AM
(MENAFN- The Peninsula) Bloomberg
The biggest Balkans retailer and food producer, Fortenova, is said to be seeking a potential alternative buyer for Sberbank's 43% stake in the Zagreb-based company as Hungary's Indotek, which struck a deal with the Russian bank in April, awaits EU regulatory approval of the purchase, according to two people with knowledge of the situation.
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Croatian private pension funds are potentially interested in acquiring the stake for no more than EU500m, according to the people with knowledge of the talks
Fortenova is scheduling a shareholders' assembly for Sept. 8 to discuss options around Sberbank's deal with Indotek
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