NLB Supervisors Approve Sale of U.S. Subsidiary to KBC
Ljubljana, 25 July - The supervisory board of NLB, Slovenia's largest bank, has approved the sale of New York-based bank LBS to Belgian banking group KBC, which has recently acquired a 34-percent stake in NLB, a news report says. Moreover, Thursday's edition of the daily Delo also suggests that if the government fails to propose its candidates for a new NLB supervisory board by 29 July the state will have to pay KBC SIT 50m (EUR 220,000) for every day of delay.
The rest of this news item is available to subscribers.
The news item consists of 1.154 characters (without spaces) or 238 words words.
Buy the news item. Price: 2 tokens; on account: 0 tokens.