PRESS RELEASE
2 November 2021

Kinstellar Advises Komercijalna Banka a.d., Beograd On The Sale Of Komercijalna Banka a.d., Banja Luka

K
Kinstellar

Contributor

Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. With offices in 11 jurisdictions and over 350 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.
Kinstellar is delighted to announce that on 27 October 2021, our client, Komercijalna Banka a.d., Beograd, and Banka Poštanska Štedionica a.d., Beograd executed a Sale and Purchase Agreement for the sale of 100% ordinary shares of Komercijalna Banka a.d.,
Serbia

November 2021 – Kinstellar is delighted to announce that on 27 October 2021, our client, Komercijalna Banka a.d., Beograd ("KB"), and Banka Poatanska `tedionica a.d., Beograd ("BP`'') executed a Sale and Purchase Agreement for the sale of 100% ordinary shares of Komercijalna Banka a.d., Banja Luka.

The completion of the sale is envisaged by 31 March 2022, subject to receipt of requisite regulatory approvals.

Kinstellar congratulates both KB and BP` on this regional transaction and looks forward to continued successful cooperation with both parties!

The Kinstellar team was led by Denise R Hamer, Head of C/SEE Asset Solutions / Co-Head of C/SEE Restructuring & Insolvency, and Branislav Marić, Belgrade Managing Partner, joined by colleagues Managing Associate, Nikola Stojiljković, and Associate, Jelena Tripković.

PRESS RELEASE
2 November 2021

Kinstellar Advises Komercijalna Banka a.d., Beograd On The Sale Of Komercijalna Banka a.d., Banja Luka

Serbia

Contributor

Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. With offices in 11 jurisdictions and over 350 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.

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