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Stankovic and Partners Advises on Sale of Majority Stake in Vojvodinaput to Boje

Stankovic and Partners Advises on Sale of Majority Stake in Vojvodinaput to Boje

Serbia
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Stankovic and Partners has advised the shareholders of Vojvodinaput on the sale of a majority stake to the Boje company. 

Stakovic and Partners describes Vojvodinaput — from Subotica, in Serbia — as "a successful road construction company," and reports that "in the last year, it had a total revenue of RSD 1.6 billion and a net profit of RSD 26 million." According to the firm, "the transaction was done in the form of major block transaction on the stock market, making Boje the majority owner of this company with the share of 78.2%. The intention of the buyer is to take over remaining shares as well."

The firm acted as legal advisors to Vojvodinaput’s shareholders during negotiations, preparation of the transaction documents, and registration of concentration. Following the transaction, the firm reports that it is now representing Vojvodinaput and Boje "in relations with regulatory approvals and public take over bid."

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