Steiermarkische Bank und Sparkassen takes over Ohridska Bank

30 October 2019

Steiermarkische Bank und Sparkassen has acquired a majority stake in Ohridska Banka, with 143 of the bank’s shareholders accepting the buyout offer, according to North Macedonia’s financial regulator. Steiermarkische Bank und Sparkassen will pay $53.7m for 472,839 shares in Ohridska Banka, amounting to a 91.57-percent stake. Societe Generale sold its 74.53-percent stake in Ohridska to Steiermarkische Bank und Sparkassen in February for €39.4m.

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