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Adriatic Capital is buying Nova Bank

Eternok i Žugić

Nova Bank is getting a new owner. Azmont Investments from Herceg Novi has concluded a purchase contract with Adriatic Capital LLC.  In the forthcoming period, they will ask the Central Bank of Montenegro to approve of the change in ownership, writes Pobjeda.

Statement delivered to Montenegro Stock Exchange states that Azmont Investments concluded purchase contract with Adriatic Capital LLC on 5 July this year.

“Azmont Investments Herceg Novi, founder and the only shareholder/owner of Nova Bank Podgorica, concluded a contract on the purchase of 100% of shares ( total share capital) at € 0,0237 per share, which is a total of € 7.100.000”, reads the statement.

Adriatic Capital LLC was founded in the USA and operates according to the laws of the USA.

“In the forthcoming period, in accordance with the Montenegrin  laws, we are going to obtain all the approvals, consents and licenses by the authorities in charge, in order to carry out the purchase of shares”, writes Mr Rashad Aliyev, CEO of Azmont Investments.

CEO of Nova Bank is Mr Kamran Mamadov. Mr Ahmet Erentok is the President of the Board of Directors.

 

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