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Zivkovic Samardzic Advises Belgrade Nikola Tesla Airport on Share Capital Increase

Zivkovic Samardzic Advises Belgrade Nikola Tesla Airport on Share Capital Increase

Serbia
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Zivkovic Samardzic has advised the joint-stock public company that owns and operates the Belgrade Nikola Tesla Airport on its share capital increase through contribution of 28 real estate properties owned by its majority shareholder – the Republic of Serbia.

The Republic of Serbia, as the majority shareholder and the owner of real estate properties required for the further development of Nikola Tesla Airport (NTA), contributed those properties into NTA’s share capital, which consequently led to the new issue of shares.

According to Zivkovic Samardzic, “this was the first time in Serbia that a public joint-stock company increased its share capital in a way of in-kind contribution by one shareholder only, leading to only one of more than four million NTA shareholders being remunerated by issuance of new shares, while excluding the preferential subscription rights of the remaining shareholders.”

In the context of the concession recently granted to the French airport operator Vinci Airports, for the financing, development through construction and reconstruction, maintenance, and management of infrastructure of the NTA, transferring ownership of the real estate properties required for the further development of NTA was among the Serbian Government’s major projects planned for this year.

The Zivkovic Samardzic team was led by Partners Branislav Zivkovic and Igor Zivkovski and included Senior Associate Sava Pavlovic.

 

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