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The sale of Komercijalna banka to the Slovenian bank NLB is in the final phase, and the closing of the transaction is expected by the end of the year, they say in the Finance Ministry of “Politika”. The process is being carried out in accordance with the sales contract and the positive legal regulations that regulate this matter, they explain.
– In this particular transaction, permits from competition authorities and central banks of various countries are required. The obtaining of permits is in progress and everything is happening within the scheduled time limits, they say in the corresponding ministry.
All the shareholders who were entitled to it were paid dividends from the previous period, as well as dividends from 2019, because the payment of dividend arrears is one of the conditions to close the transaction. In addition, all the rewards to employees that are provided for in the collective agreement and other acts of the bank were paid, they say in the Ministry of Finance.
As a reminder, the Komercijalna Banka Assembly made decisions on the distribution of profits and undistributed profits of the previous six years in August. In early October, dividends were paid for the business period from 2014 to 2019. The total unpaid profit from previous years that had to be paid is 104 million euros, or 12,270 million dinars, and belongs to the state as the largest shareholder, then to former shareholders like the EBRD and German and Swedish funds, whose participation was previously paid by the state. , as well as small shareholders.
The latter, whose shares are only listed on the stock market, are around fifteen percent. The owners of common shares received 723.4 dinars per share, while the owners of priority shares received 108.4 million dinars, or 290.2 dinars per share. The state sold its 83.23 percent of the shares to the Slovenian bank NLB, owned by the US investment fund.
As a reminder, Serbia’s shares in Komercijalna Banka were sold for € 387.02 million, and furthermore, the state will accrue interest at a rate of two percent per annum that NLB must pay to the Republic of Serbia during the period from January 1, 2020 and the end of the transaction. .
If we take into account the dividends that would have otherwise accrued if the bank had not been sold, the State has raised about 450 million euros. The state received about 7 billion dinars or about 60 million euros, of which 3.7 billion dinars refers to the contractual obligation to distribute 50 percent of the profits for 2019 through a dividend.
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