KD GROUP, FINANCNA D

KDHR
End-of-day quote. End-of-day quote  - 02/17
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Generali CEE Holding B.V. completed the acquisition of ADRIATIC SLOVENICA Zavarovalna druzba d.d. from KD Group, financna druzba, d. d..

02/13/2019 | 12:00am
Generali CEE Holding B.V. entered into an agreement to acquire ADRIATIC SLOVENICA Zavarovalna druzba d.d. from KD Group, financna druzba, d. d. (LJSE:KDHR) for approximately €250 million on May 23, 2018. The transaction is subject to regulatory approval, antitrust approval from European Commission and KD Group’s shareholder approval. The European Commission has set December 10, 2018 as a deadline for its approval. As on December 10, 2018, the transaction has been approved by the European Commission. The transaction is expected to close by the end of 2018. Lazard is acting as financial advisor to KD Group, financna druzba, d. d. Grega Peljhan, Bojan Sporar, Rok Kokalj and Jakob Ivancic of Rojs, Peljhan, Prelesnik & Partners, Hugh Owen of Go2Law, Matjaz Ulcar, Barbara Ulcar, Blaz Princic and Polona Bozicko of Ulcar & Partnerji, Simon Gabrijelcic, Dan Cocker and Anna Osinska of Allen & Overy and Colin Scagell, Robert Flanigan, James Hill, Sam Webster, Simon Allison, Daniel Gallagher, Alastair Dolman, Annabelle Trotter, Julian Ellison and Deborah Faure of Mayer Brown acted as legal advisors for Generali CEE Holding B.V. Barclays Capital plc acted as financial advisor to Generali CEE Holding B.V Generali CEE Holding B.V. completed the acquisition of ADRIATIC SLOVENICA Zavarovalna druzba d.d. from KD Group, financna druzba, d. d. (LJSE:KDHR) on February 13, 2019. Generali has received all required approvals from regulatory bodies and competition authorities, including but not limited to the approvals of the European Commission, Slovenian regulatory bodies and IVASS (the Italian insurance supervision agency), with the procedures to be finalized with the entry into the court register, expectedly at the beginning of 2020. On May 30, 2019, Shareholders of ADRIATIC SLOVENICA Zavarovalna druzba d.d. approved the transaction.
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