Dealstreet

Clarence & Partners, Pejovic Legal, Karanovic act on Zetagradnja's investment in Lovćen Bank

The transaction is valued at approximately EUR 16.8 million.

Bar & Bench

Zetagradnja has acquired an aggregate stake of 40.5% in Lovćen Bank from DEG, Incofin, and the AP by way of a block trade on the Montenegro Stock Exchange.

Clarence & Partners served as the deal counsel to Zetagradnja on this transaction.

The transaction team consists of Clarence Anthony (Founder Partner) and Varun Kumar (Associate Partner).

Clarence Anthony

Pejovic Legal advised Zetagradnja on Montenegrin Law aspects of the deal.

Karanovic & Partners advised DEG, Incofin and the AP Group on this transaction.

As a result of this block trade, Zetagradnja has raised its stake in Lovćen Bank to 86.89% from 46.36%.

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