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Zivkovic Samardzic Advises Belgrade Nikola Tesla Airport on Share Issuance

Zivkovic Samardzic Advises Belgrade Nikola Tesla Airport on Share Issuance

Serbia
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Zivkovic Samardzic has advised Belgrade Nikola Tesla Airport, a joint-stock public company that owns and operates the Belgrade airport, on its new, third issuance of shares. The issuance of shares was a result of NTA’s share capital increase.

The Republic of Serbia, as NTA’s majority shareholder, contributed public parking garage and parking lots worth approximately EUR 6,250,000 into NTA’s share capital, since they are required for the further development of NTA. As the share capital increase was performed as an in-kind contribution by the Republic of Serbia — one of more than four million NTA shareholders — only the Republic of Serbia was remunerated by the issuance of new shares, while the preferential subscription rights of the remaining shareholders were excluded.

This was the second consecutive issuance of shares of NTA in less than three months and was performed as part of the preparatory actions for the concession granted to the French airport operator Vinci Airports for the financing, development through construction and reconstruction, maintenance, and management of infrastructure of the NTA.

The Zivkovic Samardzic team was led by Partner Igor Zivkovski and Senior Associate Sava Pavlovic.

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