Takeover bid for savings bank Lon falls through

Ljubljana, 11 October - A takeover bid for Hranilnica Lon, a small savings bank, by businessman Otmar Zorn and the companies Zorn Plus and GIC Gradnje has fallen through. Shareholders owning a combined 12.75% stake accepted the bid, but the bank regulator did not allow the bidders to increase their stake.

Ljubljana The logo of Hranilnica Lon, a savings bank. Photo: Tamino Petelinšek/STA

Ljubljana
The logo of Hranilnica Lon, a savings bank.
Photo: Tamino Petelinšek/STA

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