BDK Advokati has advised Expobank CZ A.S. on the carve-out of non-performing loans from the portfolio of Marfin Bank A.D. Beograd, as part of its acquisition of shares in the bank from Cyprus Popular Bank Public Co Ltd.
The Sale and Purchase Agreement was signed on September 30, 2016. According to the SPA, Expobank CZ A.S. is supposed to acquire 99.09% of the ordinary shares and 72.50% of the preferred shares in Marfin Bank A.D. Beograd. Closing is subject to conditions precedent.
BDK Advokati also continues to advise Expobank on regulatory approvals by the National Bank of Serbia and the Commission for Protection of Competition.
BDK Managing Partner Tijana Kojovic and Associate Dragoljub Sretenovic provided advice on the NPL carve-out, while Senior Associate Marija Doci assisted Expobank in the process of obtaining regulatory approval from NBS.
