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NLB visits UK and US to meet with potential buyers

Today started a roadshow to sell Slovenia's biggest bank

13 March, 21:08
(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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