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Slovenia's Largest Bank Up For Sale

Ljubljana, 17 September - The Slovene Finance Ministry kick-started the privatisation process of the largest Slovene bank - the Nova ljubljanska banka (NLB) -, by publishing a call for the submission of initial offers for the purchase of the 34 percent-minus-one share stake in the bank. The call, which was published in major Slovene dailies, as well as The Financial Times and The Wall Street Journal, sets down the sale of 2,613,610 ordinary shares at the nominal value of 2000 tolars (EUR 9.1) per share to key investors.

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