The European Bank for Reconstruction and Development (EBRD) is seeking to sell its 7.2% stake in the Bosnian unit of Intesa Sanpaolo, Reuters reports. The bank will get around $355.2 per share from the sale.
The Sarajevo Stock Exchange has scheduled a special auction on May 5, 2011. EBRD owns 32,478 shares in the unit, Intesa Sanpaolo Banka Bosnia-Herzegovinabank, while the Italian bank holds 82.5% and the remaining is owned by shareholders.
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