Milano, 02 November 2006
Banca Intesa announces that its subsidiary Privredna Banka Zagreb (PBZ, the second largest Croatian bank) - after the acquisition of 66.98% of the voting share capital of LT Gospodarska banka d.d. Sarajevo (LTG banka) and upon the receipt of required regulatory authorisations in Bosnia and Herzegovina - has launched today a public tender offer for the remaining 33.02% of LTG banka’s voting share capital.
This offer is being carried out at the price of €76.73 (KM 150.07) for each share, for a maximum consideration of approximately €5.3 million, with a maximum investment of approximately €16.1 million for 100% of the share capital of LTG banka.
In compliance with local stock exchange regulations, the public tender offer will remain open for 30 calendar days. The finalisation of the transaction is expected to take place in December 2006.
As at 31st December 2005, LTG banka had €71.9 million of assets, €45 million of customer loans, €55.3 million of customer deposits, and €9.19 million of shareholders’ equity. For the twelve months ended 31st December 2005, its net income amounted to €119,000. The bank’s network is made up of 5 regional branches and 19 branch offices.
Gruppo Intesa is already present in Bosnia and Herzegovina where it owns 81.18% of UPI Banka, the fifth largest bank in the country, the purchase of which was completed last February.
Moreover, the Group is operational in Central-Eastern Europe with Slovakia’s second largest bank Vseobecna Uverova Banka (VUB), Serbia’s second largest bank Banca Intesa Beograd (formerly Delta Banka) and Hungary’s fourth largest bank Central-European International Bank (CIB) and is completing the acquisition of Ukrsotsbank, Ukraine’s fifth largest bank. Moreover, Gruppo Intesa is operational also in the Russian Federation through KMB, a leading bank in lending and leasing to small enterprises, ZAO Banca Intesa, the only Italian bank with an operating licence in Russia set up at the end of 2003, and its Moscow representative office. The Group is also present in the Czech Republic through a VUB branch and in Poland with its Warsaw representative office.
This communication does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities. The shares of Banca Intesa S.p.A. may not be offered or sold in the United States except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.
Investor Relations
+39.02.87943180
investorelations@bancaintesa.it
Media Relations
+39.02.87963531
stampa@bancaintesa.it
Last updated 2 November 2006 at 09:44
