OTP Bank to buy Slovenian peer

Deals

Hungary's OTP Bank offered €300 mln in a non-binding bid for Slovenian state-owned bank Nova KBM in July, Reuters said today, citing a report that appeared in the Slovenian paper Finance.

OTP Bank’s bid for the Slovenian bank was the top non-binding offer, ahead of the bid from US private equity firm Apollo Global Management, the Slovenian newpaper reported, citing unnamed sources.

Binding bids for Slovenia's second-largest lender must be submitted by October 7.

OTP Bank has units throughout the CEE region but not in Slovenia.

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