August 15, 2014 / 5:41 AM / 3 years ago

Turkey's Halkbank bids for majority stake in Serbian lender Cacanska

ISTANBUL, Aug 15 (Reuters) - Turkey’s state-run lender Halkbank said on Friday it has offer to buy a 76.76 percent stake in Serbian lender Cacanska Banka for an undisclosed sum.

Halkbank offered no further details on the potential acquisition in a statement to the Istanbul stock exchange. According to its latest closing share price, Belgrade-listed Cacanska Banka’s market value was $33.8 million. (Reporting by Ayla Jean Yackley; Editing by Kenneth Maxwell)

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