Živković Samardžić, a leading independent law firm in Serbia, advised Livnica a.d. Kikinda (part of TCH Group) on its delisting from the Belgrade Stock Exchange. Following a complex process, the Securities Commission approved Livnica Kikinda's conversion into a private joint stock company. As a result, the company's shares were delisted, and it now operates as a non-public entity. Cimos, which holds 93% of Livnica Kikinda, is the main shareholder, with nearly 3,000 minority shareholders holding the remainder.

Cimos, a major automotive supplier founded in 1972, produces components in 10 plants across Slovenia, Croatia, Bosnia, and Serbia. It specializes in forging, casting, machining, and assembly, and became part of TCH Group in 2017 after being acquired by Palladio Holding.

The Živković Samardžić team advising on the delisting was led by partner Sava Pavlović and other lawyers from the corporate law department.