Živković Samardžić, a leading independent law firm in Serbia, advised Pivka perutninarstvo d.d. (Pivka), a Slovenian joint-stock company, on converting debt owed by its Serbian subsidiary, Pivka-S, into equity. The firm also assisted in the buyout of shares held by minority shareholder and director Milutin Nikić. Following the transaction, Pivka became the sole shareholder of Pivka-S, while Mr. Nikić remained its sole director.

The share capital of Pivka-S was increased through the debt-to-equity conversion, without affecting the equity ratio. Mr. Nikić transferred his shares in Pivka-S to Pivka under a Share Purchase Agreement, while continuing to manage the subsidiary.

Pivka, with a 60-year tradition, is a regional leader in modern chicken meat production and owns well-known brands like Njami, Delamaris, and Pivka.

The Živković Samardžić team advising Pivka was led by Sava Pavlović, Corporate and M&A Partner.