Spectator on facebook

Spectator on facebook

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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

Study shows construction of Eastring gas pipeline is feasible

Construction of the interconnector may begin in 2022.

Variants of the possible route of Eastring

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between September 21 and September 30, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Kapitulská