KD Group, finančna družba, d.d., Ljubljana, Dunajska cesta 63, (hereinafter: ‘KD Group’ or ‘the company’) hereby informs the public, pursuant to Article 17 of Regulation (EU) No 596/2014EU and in accordance with Article 136 of the Financial Instruments Market Act, hereby informs the public of the progress of the process of seeking a strategic partner for the acquisition of a 100 per cent stake in its subsidiary Adriatic Slovenica, zavarovalna družba, d.d. (hereinafter: ‘Adriatic Slovenica’).
On 23 May 2018, the Company entered into an agreement with Generali CEE Holding, B.V. for the sale of a 100 per cent stake in Adriatic Slovenica, for a purchase price of EUR 245 million.
The completion of the transaction is subject to the prior fulfilment of several conditions, including, amongst others, the obtaining of the relevant regulatory approvals and subject to the agreement being approved by the KD Group’s general meeting of shareholders pursuant to Article 330 of the Companies Act. The transaction is expected to be completed in the second half of 2018.
Lazard acted as financial adviser to KD Group in relation to the transaction.
The company will keep the public informed of further developments through announcements on the company’s website and SEOnet.
The information contained in the announcement will be available on the company’s official website,
www.kd-group.com, from 23 May 2018 for at least five years from the date of publication.
KD Group d.d.
KD Group d.d.
