17
Thu, Oct
54 New Articles

Zivkovic Samardzic Advises on Delisting of Livnica Kikinda from Belgrade Stock Exchange

Zivkovic Samardzic Advises on Delisting of Livnica Kikinda from Belgrade Stock Exchange

Serbia
Typography

Zivkovic Samardzic has advised Livnica a.d. Kikinda, the Serbian subsidiary of Cimos and a member of the TCH Group, on its delisting from the Belgrade Stock Exchange.

As a result of the process, Serbia's Securities Commission issued a resolution approving the conversion of Livnica Kikinda into a private joint stock company. Consequently, shares of Livnica Kikinda were delisted from the Belgrade Stock Exchange. Currently, Cimos holds 93% of shares in Livnica Kikinda, with the remaining shares belonging to almost 3,000 minority shareholders.

Cimos, which was founded in 1972, operates as a Tier 1 and/or Tier 2 supplier to major automotive manufacturers. The company consists of two divisions – Turbo and Powertrain – and operates ten plants in Slovenia, Croatia, Bosnia and Herzegovina, and Serbia. Cimos was acquired by Palladio Holding in 2017, making it part of the TCH Group.

Zivkovic Samardzic's team consisted of Partner Igor Zivkovski and Senior Associate Sava Pavlovic

Serbia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/

 

Our Latest Issue