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The Hungarian OTP Bank bought the Slovenian Nova KBM Bank

The Hungarian banking group OTP announced today that the takeover of the second largest Slovenian bank Nova KBM has been completed, after all regulatory approvals have been received. The takeover was announced on May 31, 2021, when OTP and Nova KBM's owner, Apollo Global Management, entered into a purchase agreement. In addition to Apollo and EBRD, 20 percent ownership was also in...

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