Privately held Serbian agribusiness Sunoko is seeking to purchase 62.1% of shares in the domestic lender AIK Banka. Sunoko operates sugar processing plants in Serbia and its parent company MK Group owns the remaining 37.9% of shares in the lender. AIK Banka is the country’s seventh largest bank in terms of assets and the second biggest of the domestically owned lenders. According to Serbia Central Bank AIK Banka has total assets of US$1.8 billion and a return on equity of 7.24%. Sunoko will announce an offer within 15 days.
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