NLB Offering RSD 3,315 per Share to Komercijalna Banka Shareholders

The Slovenian NLB Bank has announced a bid for the takeover of the remaining regular shares of Komercijalna Banka in Belgrade and the entire issue of its priority shares, as announced by the Central Securities Register. According to the brokerage company Momentum, NLB is offering a price of RSD 3,315.47 per share to the owners of regular shares, which, at the same time, is the price at which this investor bought the controlling package of shares of Komercijalna Banka from the state of Serbia.

NLB intends to buy out 2.82 million regular shares of Komercijalna Banka, comprising 16.77% of the total number.

At the same time, NLB has offered a price of RSD 934.72 per share to the owners of priority shares, which is an average weighted price of a share in the past six months. NLB intends to acquire 100% of this issue, considering that all the shares are owned by minority shareholders.

Both takeover bids will remain open for a month. They expire on April 9.

Nova Ljubljanska banka d.d. Ljubljana

NLB Banka a.d. Beograd

Momentum Securities a.d. Novi Sad

NLB Komercijalna banka AD Beograd

NLB Bank

Komercijalna banka

Momentum

regular shares

share takeover

priority shares