(ANSA) - LJUBLJANA - Top representatives from the Slovenian
Sovereign Holding (SDH) started today a tour in the United
Kingdom and the United States to meet with potential investors
and promote the sale of Nova Ljubljanska Banka (NLB), the
country's biggest bank. NLB, which was bailed out in 2013 and
has since cost taxpayers approximately 2 billion euros, is still
in public hands despite European Commission's input to privatize
it. According to a written note from SDH, the state is not
interested in finding a single strategic investor, but it will
instead try to sell the majority share to several big investors
through the initial public offering (IPO) method. According to
SDH's plans, the deal should be closed by May 10th, otherwise
the European Commission could decide to sell the bank's
subsidiary companies. The estimate of NLB's value is being
prepared by PriceWaterhouseCoopers consultants.
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