J&T Finance Group shows interest in buying Dexia Banka Slovensko

J&T Finance Group is interested in acquiring Dexia Banka Slovensko, the firm’s spokesman Maroš Sykora told the TASR newswire on October 4. The finance group has informed DEXIA SA Brussels, the mother company, about its intentions in a letter, and has initiated the negotiations on buying out the shares of Dexia Banka Slovensko.

J&T Finance Group is interested in acquiring Dexia Banka Slovensko, the firm’s spokesman Maroš Sykora told the TASR newswire on October 4.

The finance group has informed DEXIA SA Brussels, the mother company, about its intentions in a letter, and has initiated the negotiations on buying out the shares of Dexia Banka Slovensko.

“J&T group is focused on private and investment banking, assets management and providing project financing. We view the potential acquisition of the Dexia Banka as an interesting investment opportunity that would allow us to extend our activities into other areas we're interested about,” said J&T Group President Jozef Tkáč to TASR.

The J&T leadership informed DEXIA group representatives about its strong position in the central European region and the expansion of its banking activities into the Russian Federation, Switzerland and Caribbean. The Belgian-French group Dexia needs to sell its share of Dexia Banka Slovensko because of a decision by the European Commission.

Dexia Banka Slovensko did not comment on its sale as the transaction is between its main shareholder, Dexia Group, and potential bidders. “Besides, the sale requires confidentiality among the parties involved,” Dexia’s manager for external communication, Michal Fúrik, told TASR.

He was speaking in reaction to the proclaimed interest of the J&T Finance Group in acquiring Dexia Banka Slovensko. “Dexia Banka Slovensko wants to assure the public that the impending ownership change won't have any impact upon Dexia clients nor the services provided,” Fúrik said.

Source: TASR

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

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