24
Sun, Oct
57 New Articles

Kinstellar Advises Nova Ljubljanska Banka on Acquisition of Serbia's Komercijalna Banka

Kinstellar Advises Nova Ljubljanska Banka on Acquisition of Serbia's Komercijalna Banka

Serbia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Kinstellar has advised Nova Ljubljanska Banka d.d. on the conclusion of a share purchase agreement with the Republic of Serbia for the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka a.d. Beograd, which will result in the third largest bank in Serbia.

The closing of the transaction, which is expected to occur in the last quarter of 2020, remains subject to mandatory regulatory approval from, among others, the European Central Bank, Bank of Slovenia, and the National Bank of Serbia.

NLB, a public company, which shares listed on the Ljubljana Stock Exchange, is the main entity of NLB Group, the largest banking and financial group in Slovenia, which has a strategic focus on selected markets in SEE. The largest shareholder is the Republic of Slovenia, which owns 25% plus one share.

Komercijalna Banka, founded in 1970 and transformed into a joint stock company in 1992, is listed on the Belgrade Stock Exchange. It offers retail and corporate banking services in Serbia, Bosnia and Herzegovina, and Montenegro. The transaction will increase KB’s market share by total assets to 12.1%.

The Kinstellar team was led by Head of C/SEE Asset Solutions Denise Hamer and Belgrade Managing Partner Branislav Maric and included Partner Selma Mujezinovic, Counsel Petar Grozdanovic, Managing Associate Dragana Bajic, Senior Associates Tijana Arsenijevic, Andreja Vrazalic, and Nikola Stojiljkovic, and Associates Ksenija Sorajic Bakovic, Milan Radonic, and Jelena Tripkovic.

Editor's Note: After this article was published CEE Legal Matters learned that Selih & Partnerji advised Nova Ljubljanska Banka on Slovenian law aspects of the deal, ODI Law advised it on North Macedonia aspects, the Sajic Law Firm advised on Bosnian and Herzegovinian law aspects, Kalo & Associates advised on Kosovo law aspects, and Radonjic Associates advised on Montenegrin law aspects.

SubsequentlyAP Legal informed CEE Legal Matters that the transaction closed on December 30, 2020. AP Legal also reported that it had, alongside Prica & Partners, advised the Republic of Serbia on the deal. AP Legal’s team was led by Founding Partner Aleksandar Preradovic.

Prica & Partners’ team consisted of Partners Danica Gligorijevic and Ana Calic Turudija, Senior Associates Veljko Nesic and Jelena Zivanovic, and Associate Jovana Obradovic.

Serbia Knowledge Partner

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/

Our Latest Issue