OTP Group Successfully Completes the Acquisition of the Slovenian Nova KBM Group
OTP Group Successfully Completes the Acquisition of the Slovenian Nova KBM Group
February 2023
OTP Group announced that it has successfully completed the acquisition of Nova KBM Group from its previous owners – financial funds managed by Apollo Global Management and EBRD – after obtaining all required approvals from the relevant regulatory authorities.
OTP was advised by Selih & partnerji. The cross-practice team was led by partners Natasa Pipan Nahtigal, Mia Kalas, Jera Majzelj, and Spela Remec, covering M&A, competition, and banking regulatory aspects.
The acquisition, the most significant in the history of the OTP Group and one of the largest in Slovenia in recent years, will further strengthen OTP’s position in the Slovenian market. It is expected that the planned merger of Nova KBM with OTP’s existing banking subsidiary in Slovenia, SKB Bank, will result in the creation of a market leader in the Slovenian banking sector.
February 2023
OTP Group announced that it has successfully completed the acquisition of Nova KBM Group from its previous owners – financial funds managed by Apollo Global Management and EBRD – after obtaining all required approvals from the relevant regulatory authorities.
OTP was advised by Selih & partnerji. The cross-practice team was led by partners Natasa Pipan Nahtigal, Mia Kalas, Jera Majzelj, and Spela Remec, covering M&A, competition, and banking regulatory aspects.
The acquisition, the most significant in the history of the OTP Group and one of the largest in Slovenia in recent years, will further strengthen OTP’s position in the Slovenian market. It is expected that the planned merger of Nova KBM with OTP’s existing banking subsidiary in Slovenia, SKB Bank, will result in the creation of a market leader in the Slovenian banking sector.
