Ineco Group Acquires Majority Stake in Slovenian Bank Hranilnica LON
Ineco Group has entered into an agreement to acquire a controlling stake in Slovenia's Hranilnica LON, marking its expansion into the European Union market. The deal is subject to regulatory approvals from entities including the Bank of Slovenia and the European Central Bank. Hranilnica LON operates with a full banking license and has nearly three decades of experience in Slovenia. This acquisition aligns with Ineco Group's broader international growth strategy, which began three years ago. The group is already active across more than 10 markets globally. CEO Davit Baloyan emphasized the strategic importance of this move as it opens access to a market of nearly 550 million people and supports long-term expansion goals. The financial terms of the deal have not been disclosed, but its completion remains conditional on regulatory clearances.
