Serbian businessman Miodrag Kostic's Agri Europe Cyprus Ltd plans to buy a 17% stake in Vienna-based Addiko Bank for €341m.
Serbian businessman Miodrag Kostic's Agri Europe Cyprus Ltd aims to buy a 17% stake in Vienna-based Addiko Bank for €341m ($369m), valuing the bank at the same amount. This marks Kostic's fourth banking sector acquisition in recent years, aiming to expand his business across the Balkans and Austria. Addiko Bank specialises in consumer finance and focuses on the Central and South Eastern European market.
March 25, 2024
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