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Zivkovic Samardzic Advises on Astonko Buyout of B92 Shares

Zivkovic Samardzic Advises on Astonko Buyout of B92 Shares

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Zivkovic Samardzic has advised Astonko on the voluntary buyout of shares owned by 42 of the 43 minority shareholders of B92. Solo practitioner Aleksandar Sukiban advised the minority shareholders on the deal.

As a result of the transaction, Astonko, a Serbian subsidiary of Kopernikus Corporation, acquired 99.99% of shares of B92, a joint-stock company which owns O2 TV, Play Radio, and the o2tv.rs and b92.net web portals.

Kopernikus, which was established in 1998 and is owned by Srdan Milovanovic, provides cable television and broadband services through cable and optical Internet facilities. The company acquired Prva TV and O2 TV in Serbia and Montenegro from the Antenna Group at the end of 2018 as reported by CEE Legal Matters on December 17, 2018.

B92 was established in 1989 as radio broadcasting to Belgrade audiences, and today includes a national radio and television network and websites. According to Zivkovic Samardzic, B92 and its journalists have won numerous prestigious international awards for journalistic courage and advocacy of human rights.

The Zivkovic Samardzic team consisted of Partners Nebojsa Samardzic, Branislav Zivkovic, and Igor Zivkovski, and Senior Associate Sava Pavlovic.    

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