More than 20 companies want to buy Zuno bank

THE AUSTRIAN owner of the internet bank Zuno, Raiffeisen Bank International, has so far received more than 20 offers for its purchase. 

(Source: SME)

The company will not, however, provide any more details, the TASR newswire reported.

According to the Czech daily Hospodářské Noviny, the Austrian group offered its loss-making bank active in Slovakia and the Czech Republic, asking the interested firms to deliver their non-binding offers until February 13. It further plans to select the bidders and allow them to make due diligence in the bank.

Part of the non-binding offers are also prices or at least the price range which the bidder is willing to pay. It is an important criterion for the decision of the seller. It is expected that Raiffeisen will not hesitate with selling the bank, TASR wrote.

“I expect that the final decision will be made in several months,” said Marek Hatlapatka, analyst with Cyrrus, as quoted by TASR.

The new owner may be an impulse for the bank’s growth as the Zuno project is sold as a start-up.

The operation of Zuno was launched four years ago and Raiffeisen planned to open the bank also in other countries. It was preparing the opening in Poland and Hungary, but halted its plans because of problems in the eastern markets, TASR wrote.

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