Skip to content

Successful Completion of the Sale of the JUB Group Supported by NLB as Financial Advisor

With authorisation by the majority of JUB Group shareholders (“Shareholders”), NLB announces that on 28 October a Sale and Purchase Agreement in the form of a notarial deed was signed between the Shareholders and DGL International (UKL) Ltd (“DGL”) for the sale of a 99.8% of shares outstanding in the company DP JUB. The DGL is owned by DuluxGroup Limited, a leading manufacturer of paints and coatings in Australia, which is a member of the Nippon Paint Holdings Group, the fourth largest paints and coatings manufacturer in the world. The transaction is subject to certain conditions precedent, such as approval of the transaction by relevant competition protection agencies. The NLB acted as the financial advisor during the sales process.

“After over 140 years of paints production in Dol pri Ljubljani, we opened a new chapter in the story of JUB Group. Today, JUB is one of the leading companies in the Southeast Europe in the field of paints and ETICs facade systems manufacturing, with strong operations in Central Europe as well. We firmly believe that the combination of JUB’s strong market position in Southeast and Central Europe and the know-how and experience in global market operations as well as the capital strength provided by the future reputable international owner makes solid foundations for JUB Group future growth and development,” said Sašo Kokalj, Director of JUB, when signing the Sales and Purchase Agreement.

On this occasion, Andrej Lasič, Assistant to NLB’s Management Board for Corporate and Investment Banking, pointed out the following: “We are satisfied that we helped JUB Group to get a long-term strategic owner, which will support their future growth. Having successfully closed one of the largest sales transactions in Slovenia in the last couple of years, we have proven that NLB can support its customers in all the markets in the region by giving them financial advice in the most complex corporate finance projects, complementing the standard banking products.

Latest news

These are latest news

NLB Strengthens the Path to the Realization of its 2030 Strategy With Successful Issuance of Additional Tier 1 Notes
19.11.2025

NLB Strengthens the Path to the Realization of its 2030 Strategy With Successful Issuance of Additional Tier 1 Notes

Solidifying its reputation as an increasingly prominent and attractive player on the international capital markets, NLB successfully concluded the bookbuilding process for its perpetual NC5 Additional Tier 1 Notes in the amount of EUR 300 million. Th...

Read more
Announcement of the envisaged issuance of notes
17.11.2025

Announcement of the envisaged issuance of notes

Nova Ljubljanska banka d.d., Ljubljana (NLB d.d.) is hereby informing the public that it has mandated BNP Paribas, BofA Securities Europe SA, Goldman Sachs Bank Europe SE and Erste Group Bank AG together with NLB d.d. as Joint Lead-Managers to organi...

Read more
NLB Communication Projects Win Two Gold the! Awards
07.11.2025

NLB Communication Projects Win Two Gold the! Awards

At this year’s conference of the Croatian Public Relations Association (HUOJ), KOMferencija in Split, we once again proved that with great ideas and plenty of positive energy, we can impress even an international panel of experts. We brought home two...

Read more