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34 Percent of Largest Slovene Bank to Be Sold to KBC, Says Commission

Ljubljana, 11 April - The state commission overseeing the privatisation of NLB, Slovenia's largest bank, took a decision on Thursday to propose to Finance Minister Anton Rop that a 34-percent share of NLB be sold to the Belgian banking and insurance group KBC, the Finance Ministry said. According to estimates, the deal is estimated to be worth around 100 billion Slovene tolars or 445 million euros. Commenting today's decision, Slovene Finance Minister Tone Rop reminded that the final decision on the sale rests in the hands of the government, whose "foremost target is to strike the best contract and negotiate the best price so that the burden on the tax payers, meaning the public debt, is reduced as much as possible".

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