Živković Samardžić advises Belgrade Nikola Tesla Airport on the new issuance of shares

by ZS Law

Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised Belgrade Nikola Tesla Airport (NTA), a joint-stock public company that owns and operates the largest and busiest airport in Serbia – the Belgrade airport, on the new, third issuance of shares, which was a result of NTA’s share capital increase through contribution of close to EUR 6.25 million worth public parking garage and parking lots owned by NTA’s majority shareholder – Republic of Serbia, and required for the further development of NTA.

As share capital increase was performed in a way of in-kind contribution by one shareholder only, only that shareholder, the Republic of Serbia, was remunerated by issuance of new shares, while the preferential subscription rights of the remaining more than four million NTA’s shareholders were excluded. This was second consecutive share capital increase 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.

Živković Samardžić team that has advised NTA on the new issuance of shares and share capital increase was led by Igor Živkovski, Corporate and M&A Partner and Sava Pavlović, Corporate and M&A Senior Associate.

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