Law Office Komnenic & Partners advised a group of corporate, family, and individual sellers in the sale of 7,674,285 shares in Hipotekarna Banka to Agri Europe Cyprus (AEC Group). Upon completing this transaction, Agri Europe Cyprus will hold approximately 74.94% of Hipotekarna Banka’s share capital, with Mr Miljan Todorović and his corporate affiliates retaining a significant stake, also represented by our law office.
This transaction, subject to regulatory approvals, is expected to close in the coming months. Following completion, AEC Group, in concert with a few selected shareholders, will launch a mandatory takeover offer in compliance with Montenegrin capital market regulations.
Our team was led by Managing Partner Milos Komnenic, with the support of Desanka Kotlaja (Attorney at Law), Jovana Petrovic and Božo Knežević (Associates).
Agri Europe Cyprus was advised by Matija Vojnović and Vojimir Kurtić and their team from Moravčević Vojnović and Partners in cooperation with Schoenherr.