NLB Group - NLB enters into agreement to buy Komercijalna Banka
Yesterday evening it became official. NLB announced that on February 26, 2020, it entered into a share purchase agreement with the Republic of Serbia (RoS) for the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka (KB). The closing of the transaction is expected in 4Q 20 and is subject to mandatory regulatory approvals from, amongst others, the European Central Bank, Bank of Slovenia and the National Bank of Serbia. The purchase price for the 83.23% shareholding amounts to EUR 387 mn, which will be payable in cash on completion. In accordance with Serbian bank privatization regulations, NLB is not required to launch a mandatory tender offer for minorities shareholdings in KB.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.
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