Hypo and Raiffeisen Reportedly Interested in a Stake in Makedonska Banka

21. Juni 2006, 00:00

Hypo Alpe-Adria Bank and Raiffeisen Bank plan to take hold of the majority stake in Makedonska Banka ,...

Hypo Alpe-Adria Bank and Raiffeisen Bank plan to take hold of the majority stake in Makedonska Banka, Macedonian media reported citing information published by the Internet portal Total. The same source says the two Austrian banks have already assigned audit teams to carry out a detailed assessment on Makedonska Bankas balance sheet.

So far, a few foreign banks have shown interest in acquiring the majority stake in Makedonska Banka: French Credit Agricole, German HVB Bank and some investment funds from Saudi Arabia.
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