Brokerage House: NLB to Carry Out Squeeze-Out at Komercijalna Banka

The Managing Board of Komercijalna Banka has called an extraordinary GM for June 29, and the main item on the agenda is the forced buyout of the shares at the request of the majority owner, the Slovenian NLB, the brokerage house Momentum announced today.

NLB owns 90.2% of the share capital and 91.7% of voting-right shares in Komercijalna Banka, whereby it has acquired the right to carry out the enforced share buyout from the remaining minority shareholders, according to the local regulation.

The bank has not yet published the book value or the estimated value of the shares on the date of the GM, which will be the basis for the squeeze-out.

NLB Banka a.d. Beograd

NLB Komercijalna banka AD Beograd

Momentum Securities a.d. Novi Sad

NLB bank

Komercijalna banka

Momentum

forced share buyout

squeeze out