OTP signs deal to acquire Slovenia's 2nd biggest bank

Banking

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OTP Bank on Monday said it signed an agreement to acquire Nova KBM, Slovenia's second-biggest lender with 20.5% market share by total assets, according to a report by state news wire MTI.

Nova KBM is owned by Apollo Global Management (80%) and the EBRD (20%).

OTP expects the transaction to close in Q2 2022, pending regulatory approval.

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