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2.0

Erste acquires Croatian Veterans' Foundation ICAM for €21.6M

Erste Bank paid €21.6 million for ICAM, a Croatian asset management firm linked to the Veterans' Foundation, with nearly half the price attributed to client bases. The acquisition signals consolidation in Croatia's financial sector and raises questions about the valuation of client relationships.

Poslovni Dnevnikabout 13 hours agoHRCredibility 20%View source

Score Breakdown

Mosaic Score2.0
Model confidence0.5
Significance0.1
Source credibility0.2

Intelligence Tags

#acquisition#asset-management#banking#croatia#m&a

Locations

Croatia
Source

Related signals

8 found