Nova Ljubljanska Banka d.d., Ljubljana completed the acquisition of 83.2% stake in Komercijalna banka a.d. Beograd from Republic of Serbia.
December 29, 2020
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Nova Ljubljanska Banka d.d., Ljubljana (LJSE:NLBR) signed a draft purchase agreement to acquire 83.2% stake in Komercijalna banka a.d. Beograd (BELEX:KMBN) from Republic of Serbia for approximately 390 million on February 20, 2020. On February 26, 2020, a share purchase agreement is signed. The consideration is payable in cash on completion. The transaction is subject to mandatory regulatory and anti-trust approvals from, amongst others, the European Central Bank, Bank of Slovenia and the National Bank of Serbia. On December 22, 2020, regulatory approvals for the transaction were received. The deal is expected to be completed by the end of 2020. UBS Investment Bank acted as financial advisor, Denise Hamer, Selma Mujezinovic, Petar Grozdanovic and Branislav Maric of Kinstellar acted as legal advisors and Ljubljana PricewaterhouseCoopers d.o.o. acted as accountant to Nova Ljubljanska Banka d.d., Ljubljana. Lazard, Prica & Partners and Aleksandar Preradovic of AP Legal acted as financial and legal advisor to Serbia Ministry of Finance.
Nova Ljubljanska Banka d.d., Ljubljana (LJSE:NLBR) completed the acquisition of 83.2% stake in Komercijalna banka a.d. Beograd (BELEX:KMBN) from Republic of Serbia on December 30, 2020. The transaction received all of the necessary regulatory approvals, including approvals from the European Central Bank and the National Bank of Serbia. Banks will be working as separate banks until the legal mergers have been affected.
NLB dd is a Slovenia-based company, which is primarily involved in the financial services industry. The Company operates as a parent company of NLB Group and has a number of subsidiaries, such as NLB Banka Banja Luka, NLB Banka Sarajevo, NLB Banka Prishtina, NLB Nov penziski fond Skopje, NLB Tutunska Banka Skopje, NLB Bank Podgorica, Bankart, Nova ljubljanska banka, NLB Skladi, NLB Vita, NLB Banka Belgrade, NLB Srbija Beograd, NLB Leasing Sarajevo, Prvi Paktor Sarajevo, NLB Leasing Sofia, Optima Leasing Zagred, among others. The Company operates in such countries, as Slovenia, Bosnia and herzegovina, Kosovo, Macedonia, Montenegro, Serbia, Bulgaria, Croatia, Czech Republic, Germany, Italy, Switzerland, among others.