Vucic believes in best result for Komercijalna banka, Serbia

Serbian President Aleksandar Vucic said in Munich Friday he was satisfied with the parties interested in Komercijalna banka and that it was important to avoid the put option.

15 Februar 2019 18:42

MUNICH - Serbian President Aleksandar Vucic said in Munich Friday he was satisfied with the parties interested in Komercijalna banka and that it was important to avoid the put option.


According to unofficial reports, under an agreement signed in 2006, the EBRD has the right to activate the put option in case it is not satisfied with the sale of the bank and sell its stake to the Serbian government at a predetermined price, along with other major stakeholders such as the IFC, Swedfund and Germany's DEG fund.


When asked if he had more information following a meeting with Lazard - the French company named as the consultant in the process of selecting a strategic partner for the bank - Vucic responded affirmatively but declined to elaborate for the time being.


The man working on this has worked for German Finance Minister Wolfgang Schauble for four years as a close aide and was also Chancellor Angela Merkel's aide, he noted.


"I believe we will achieve the best result for Serbia," he said.

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