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Croatian green light to OTP

OTP Bank Rt has received the green light to buy the 95.59% stake of Croatian Nova Banka- MTI reported. The purchase permit has been granted to OTP by the National Bank of Croatia and it has been approved by State Financial Institutions Supervision (PSzÁF) on February 2. Thus, the transaction may be closed by the end of February. OTP will buy 93.63% of the shares first, while the remaining 2% stay with the Croatian Treasury, the National Bank of Croatia said. The total value of the purchase is ?236 million.