Skip to content
Contact Us Search
About the Group Our Story Investor Relations Sustainability Media Center Careers
About the Group Our Story Investor Relations Sustainability Media Center Careers

Successful Completion of the Sale of the JUB Group Supported by NLB as Financial Advisor

With authorisation by the majority of JUB Group shareholders (“Shareholders”), NLB announces that on 28 October a Sale and Purchase Agreement in the form of a notarial deed was signed between the Shareholders and DGL International (UKL) Ltd (“DGL”) for the sale of a 99.8% of shares outstanding in the company DP JUB. The DGL is owned by DuluxGroup Limited, a leading manufacturer of paints and coatings in Australia, which is a member of the Nippon Paint Holdings Group, the fourth largest paints and coatings manufacturer in the world. The transaction is subject to certain conditions precedent, such as approval of the transaction by relevant competition protection agencies. The NLB acted as the financial advisor during the sales process.

29. October 2021

“After over 140 years of paints production in Dol pri Ljubljani, we opened a new chapter in the story of JUB Group. Today, JUB is one of the leading companies in the Southeast Europe in the field of paints and ETICs facade systems manufacturing, with strong operations in Central Europe as well. We firmly believe that the combination of JUB’s strong market position in Southeast and Central Europe and the know-how and experience in global market operations as well as the capital strength provided by the future reputable international owner makes solid foundations for JUB Group future growth and development,” said Sašo Kokalj, Director of JUB, when signing the Sales and Purchase Agreement.

On this occasion, Andrej Lasič, Assistant to NLB’s Management Board for Corporate and Investment Banking, pointed out the following: “We are satisfied that we helped JUB Group to get a long-term strategic owner, which will support their future growth. Having successfully closed one of the largest sales transactions in Slovenia in the last couple of years, we have proven that NLB can support its customers in all the markets in the region by giving them financial advice in the most complex corporate finance projects, complementing the standard banking products.

Latest news

These are latest news

NLB Group Delivers Solid Performance in Q2 2026 with Core Revenues up 6% YoY on the back of the YoY growth of the Loan Volume in the Home Region by 12%
06.08.2026

NLB Group Delivers Solid Performance in Q2 2026 with Core Revenues up 6% YoY on the back of the YoY growth of the Loan Volume in the Home Region by 12%

NLB Group, the leading banking and financial group with headquarters in Southeast Europe, delivered solid results in the second quarter of 2026, with a net profit of EUR 133.1 million, reflecting disciplined execution of the Group’s strategic priorit...

Read more
NLB Publishes Results of the Voluntary Public Takeover Offer for Addiko Bank
03.08.2026

NLB Publishes Results of the Voluntary Public Takeover Offer for Addiko Bank

Nova Ljubljanska banka d.d., Ljubljana ("NLB" or the "Bidder") hereby gives notice that the voluntary public takeover offer aimed at acquiring control over Addiko Bank AG ("Addiko") did not obtain a sufficient number of acceptance declarations. ...

Read more
At 29.5% of shares (29.8% of voting rights) NLB comes close to the critical 30% threshold in Addiko Tender
23.07.2026

At 29.5% of shares (29.8% of voting rights) NLB comes close to the critical 30% threshold in Addiko Tender

As of 22 July 2026, shareholders representing 29.5% of Addiko Bank's share capital (excluding treasury shares this amounts to 29.8% of voting rights) have committed to tender their shares into NLB's voluntary takeover offer. The support comes primari...

Read more