Announced
Completed
Financials
Tags
Majority
Acquisition
Completed
commercial banks
Friendly
Serbia
Domestic
Private
Banks
Single Bidder
Synopsis
Nova Ljubljanska banka, a universal banking firm, completed the acquisition of the remaining 9.78% stake in NLB Komercijalna banka, a commercial bank, for $62m. The squeeze-out process was conducted entirely in accordance with the Serbian Companies Act. Increasing the ownership in NLB Komercijalna banka further strenghtens NLB’s market position on one of the key markets to deliver the NLB Group’s strategic ambitions.
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