EANS-Adhoc: Steiermärkische Sparkasse expands commitment in North Macedonia

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
28.02.2019

Graz -
On 28 February 2019, Steiermärkische Bank und Sparkassen AG signed a share
purchase agreement with Societe Generale to acquire all shares that Société
Générale owns in Ohridska Banka Societe Generale (OBSG) in the Republic of North
Macedonia and that constitute approx. 74.53 % of the share capital of OBSG. This
transaction will make it possible for Steiermärkische Sparkasse to fundamentally
strengthen its existing market position in North Macedonia.
The purchase of the bank will be done within the framework of a mandatory bid
that is oriented to all shares issued by OBSG, including the shares held by the
other minority shareholders. This conclusion is subject to approval by the
European Central Bank and the National Bank of the Republic of North Macedonia,
the capital market supervisory authorities and the competition authorities.
OBSG currently has a balance sheet total of around EUR 650 million and employs
more than 400 staff. Its business focus is on the retail and commercial
business.
Steiermärkische Sparkasse has been represented in North Macedonia since as early
as 2008 with its local bank subsidiary, Sparkasse Bank Makedonija that currently
has a balance sheet total of around EUR 350 million. With the acquisition of
OBSG, Steiermärkische Sparkasse will have assets totalling EUR 1 billion in
North Macedonia and thus be the fourth-largest banking group in the country with
a market share of around 12 to 14 %, depending on the segment.

end of disclosed inside information
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The Steiermärkische Sparkasse Group is the largest provider of financial
services in southern Austria. 2,751 employees serve around
700,000 clients at 233 locations in Styria and in south-eastern Europe.

Further inquiry note:
Steiermärkische Sparkasse, Group Communication, 8010 Graz, Sparkassenplatz 4,
Tel. +43 (0)5 0100 EXT 35055,
Birgit Pucher, mobile: +43 (0)664-8387324, e-mail:
birgit.pucher@steiermaerkische.at
Text/photos on homepage at http://www.steiermaerkische.at/medien

end of announcement euro adhoc
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issuer: Steiermärkische Bank und Sparkassen AG
Sparkassenplatz 4
A-8010 Graz
phone: 05 0100 20815
FAX:
mail:
WWW: www.steiermaerkische.at
ISIN: -
indexes:
stockmarkets: Wien
language: English

Original-Content von: Steiermärkische Bank und Sparkassen AG, übermittelt durch news aktuell