alta pay group

Alta Pay Group denies ECB investigation amid Addiko Bank stake acquisition plans

Serbia's Alta Pay Group, which expressed interest in acquiring a stake in Addiko Bank AG this year, has stated that it is unaware of any investigation by the European Central Bank (ECB) into its operations. According to the Financial Times, the ECB is seeking additional assurances from Alta Pay—recently a shareholder in Addiko as part of a plan to acquire up to 30 percent of the bank—regarding compliance with EU regulations. This scrutiny follows a €150,000 fine levied on Alta…