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Bawag takes Istrobanka

State insurer Slovenská poisťovňa yesterday approved the sale of its 82% stake in the mid-sized finance house Istrobanka to Austrian bank Bawag for what a spokesman said was 2.25 times the bank’s market value.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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