Polynickel Holding BV agreed to acquire Euronickel Industries DOO from Komercijalna Banka AD Skopje for approximately ?40 million on March 28, 2024. This is subject to approval from North Macedonia?s Commission for Protection of Competition (CPC). All legal and regulatory preconditions must remain to be fulfilled for the final realization of the purchase agreement.

At the same time, the bank signed an agreement with the Yildirim Group for the sale of the property of the Nova Refractory factory in Pehchevo. The Turkish company Yildirim Holding, through its Netherlands subsidiary Polynickel Holding, will become the new owner of Euronickel. As part of this agreement, Komerecjalna Bank announced the sale of FENI's properties to Yildirim Holding for ?31.3 million and the Nova Refacter plant in Pehchevo for ?8.7 million.