NLB d.d. has obtained the required regulatory approvals in relation to acquisition of Komercijalna banka a.d. Beograd

In relation to the completion of the transaction contemplated in the Sale and Purchase Agreement relating to 83,23% of the ordinary shares of Komercijalna banka a.d. Beograd, dated 26 February 2020 (the “SPA”), concluded between the Republic of Serbia as the Seller, and NLB d.d. as the Buyer, NLB d.d. announces it has obtained the required regulatory approvals contemplated by the SPA. Subject to fulfilment of other conditions for completion of the transaction, the transaction is expected to be completed by the end of 2020. A further announcement will be made in due course.