Source: Beta | Wednesday, 24.08.2022.| 14:59
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Broker: Komercijalna Banka Withdrawing Shares from Belgrade Stock Exchange

Illustration (Photo: Nonwarit/
At an extraordinary session, the shareholders of Komercijalna Banka adopted the decision on the withdrawal of the bank’s shares from the regulated market and the termination of the status of a public company, announced the brokerage house Momentum Securities.

– This decision, as expected, was adopted yesterday, after the majority owner, the Slovenian NLB, carried out a forced share buyout from the remaining minority shareholders and became the sole owner of the capital of this banking institution – the announcement says.

It is added that the forced buyout of regular shares was carried out at a price of RSD 4,532.2, which is the book value of a share as of May 30.

NLB bought out the priority shares at a price of RSD 1,000, which caused a lot of dissatisfaction among the shareholders, considering that the company had been publishing identical book values for regular and priority shares in its internal acts for years.

For this reason, a large number of procedures was initiated at the competent court to the end of protecting the rights of the bank’s minority shareholders.

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