August 23 (SeeNews) - Serbia's NLB Komercijalna Banka [BEL:KMBN] said on Tuesday that it will delist its shares from the Belgrade stock exchange after Slovenia's Nova Ljubljanska Banka (NLB) [LJE:NLBR] became its sole owner.
The decision to delist followed a squeeze-out of shareholders last month, NLB Komercijalna Banka said in a bourse filing.
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Through the squeeze-out process, NLB acquired 1,528,110 regular shares and 316,260 preferred shares in Komercijalna Banka with a total value of 61.7 million euro ($61.23 million).
NLB completed the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka for 394.7 million euro on December 30, 2020, becoming the third-largest banking group in Serbia. In April 2021, NLB lifted its stake in Komercijalna Banka to 88% following the completion of a buyout bid.
($ = 1.00760 euro)
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