Nova Ljubljanska Banka d.d. (LJSE:NLBR) agreed to squeeze-out the remaining 9.8% stake in Komercijalna banka a.d. (BELEX:KMBN) for RSD 5.4 billion on May 24, 2022. As part of the transaction, Nova Ljubljanska acquired 1,528,110 regular shares and 316,260 preferred shares. NLB expects the squeeze-out to have neutral effect on profit and loss on Group level.

Uros Camilovic and Zvonimir Petrovic of BDO Business Advisory LLC acted as financial advisor to Nova Ljubljanska Banka d.d.