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Ten Percent of Both State-Owned Banks to Help Bridge Privatisation Gap

Ljubljana, 13 December - PRIVATISATION/GAP
Ten percent of assets of both state-owned banks is almost ready to be exchanged for the shares of companies owned by Indemnity and Capital Funds. Although evaluations of Nova ljubljanska banka and Nova kreditna banka Maribor have not been completed as yet, a proposal for the exchange is to be prepared together with representatives of both funds even this week, state secretary for privatisation, Edo Pirkmajer, told STA on Monday. There are about a thousand companies envisaged for the exchange.

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© STA, 1999