NEWS & INSIGHTS

December 2023 – SOG in cooperation with Kinstellar has successfully advised AIK Banka on the competition law aspects of the EUR 280 million acquisition of 100% of Eurobank Direktna Beograd. The transaction closed in November upon receiving the necessary regulatory approvals, including competition clearances.

AIK Banka is a prominent financial institution with a strong presence in the banking sector. Committed to excellence and strategic growth, AIK Banka's recent acquisition strengthens its position as a key player on the Serbian market.The acquisition of Eurobank Direktna represents a significant milestone, underscoring the consolidation trend within Serbia's banking sector and is one of the largest transactions of this kind in the sector.

Kinstellar's team, led by Olga Šipka, Special Counsel, and Aleksandra Stećuk, Senior Associate, provided support to AIK Banka on the competition law aspects of the deal, supporting the pre-signing analysis and post signing activities in the merger control process, which ended with with the receipt of all necessary approvals from the competition authorities and successful closing of the transaction. "We are proud to have played a pivotal role in facilitating this significant acquisition, which not only strengthens AIK Banka's position, but also marks a key moment in the evolution of this specific sector in Serbia," Olga Šipka comments.