OTP Bank Nyrt. (BUSE:OTP) signed a contract to acquire Nova Kreditna Banka Maribor d.d. from Apollo Global Management, Inc. (NYSE:APO) and The European Bank for Reconstruction and Development on May 31, 2021. The closing of the transaction is subject to obtaining the necessary regulatory approvals. As of February 1, 2023 OTP has received approval from the market regulator and Slovenia competition protection agency. The transaction closing is expected in second quarter of 2022. Citigroup Inc. acted as financial advisor to Nova Kreditna Banka Maribor d.d. Ramy J. Wahbeh and Kaisa Kuusk from Paul, Weiss, Rifkind, Wharton & Garrison LLP served as a legal advisor for Apollo Global Management. The Hungarian OTP Bank has received the green light from the European Central Bank (ECB) to take over NKBM. Odvetniki Šelih & partnerji, o.p., d.n.o. and Pál Szabó, Dániel Arány, László Zlatarov and Csongor Tompa of Knight Bird & Bird Iroda acted as legal advisor to OTP Bank.

SKB banka d.d. completed the acquisition of Nova Kreditna Banka Maribor d.d. from Apollo Global Management, Inc. (NYSE:APO) and The European Bank for Reconstruction and Development on February 6, 2023.