Cerha Hempel has advised the EBRD on the conversion of its indirect participation in listed Addiko Bank AG into a direct participation.
The Addiko Group is a banking group in Central and Southeastern Europe that specializes in providing services to consumers and small and medium-sized enterprises. It consists of Addiko Bank AG, with its registered office in Vienna, and six subsidiary banks licensed to operate in Croatia, Slovenia, Bosnia and Herzegovina, Serbia, and Montenegro.
According to Cerha Hempel, "the conversion was effected by means of a distribution in kind provided to the EBRD in the form of a participation held by an indirect holding company. The direct participation was acquired by transferring 1,638,443 shares in Addiko Bank AG (8.4% of its share capital) to EBRD's securities account."
Cerha Hempel's team was led by Partner Peter Knobl and included Managing Partner Albert Birkner and Attorney at Law Andrea Harrich.
Editor's Note: After this article was published, CEE Legal Matters learned that Addiko Bank had been advised by firms in the Adriala network including Bojanovic & Partners in Serbia, Kavcic, Bracun & Partners in Slovenia, Madirazza & Partners in Croatia, the Prelevic Law Firm in Montenegro, and Baros, Bicakcic & Partners in Bosnia & Herzegovina.
The Bojanovic & Partners team was led by Managing Partner Vladimir Bojanovic.
Baros, Bicakcic & Partners' team included Partner Fedja Bicakcic and Associate Adna Bicakcic.
Prevlevic's team was led by Senior Lawyer Marko Ivkovic.