Findomestic, the Italian leader in offering consumer credit, has signed an agreement to acquire by way of a take over bid not less than 95.0% of the outstanding share capital and corresponding voting rights of the Serbian bank Nova Banka A.D. Beograd. The transaction is subject to regulatory approvals.
Nova Banka was founded in 1995 and conducts business operations in the territory of Serbia through a network of 11 branches in major cities of the country. Findomestic is working to actively participate in and contribute to the transformation of selected South Eastern European economies, in their course towards full convergence and integration with the European Union and views Nova Banka as a strong platform for developing its successful business model in the fast-growing Serbian market.
BNP Paribas Corporate Finance has advised Findomestic for the acquisition of Nova Banka.