KBC's Binding Bid for 34-percent Stake in NLB Satisfies all Criteria

Ljubljana, 14 January - The commission monitoring the sale of NLB, Slovenia's largest bank, ascertained on Monday that the binding bid of the Belgian banking group KBC, the only bidder for a 34-percent stake in NLB, meets all criteria set down in the invitation for bids. Based on the binding bid, the commission will launch negotiations on particularities of the deal, which are to be concluded by 1 March, the Finance Ministry said.