Serbia's Dunav Banka raises share capital 12% to EUR 14.2mn.

By bne IntelliNews July 9, 2012
Serbia's Dunav Banka said it has raised its equity capital by RSD 202.2mn (EUR 1.75mn) to RSD 1.65bn following a new share issue. The bank said in a bourse filling it placed the new issue, which comprised 202,239 shares, in May. It gave no further details on the issue and the buyers. According to the statement, as of July 2 state-owned insurer Dunav Osiguranje owns 61.2% of the bank, re-insurer Dunav Re has a 14.4% stake and gas monopoly Srbijagas owns 9.2%. In comparison with December, the stakes of Dunav Osiguranje, the largest insurer in Serbia, and of Dunav Re declined, while the holdings of state-owned Srbijagas increased. Data of the central registry of securities showed on December 20 that Dunav Osiguranje's stake in Dunav Banka was 69.8%, Dunac Re's one was 16.4% and Srbijagas' ownership totalled 3.9%.

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