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Italy's UniCredito Places Bid for SIB Banka

Ljubljana, 27 March - Italian bank UniCredito Italiano has placed a non-binding bid for the purchase of a 79-percent stake in Slovenia's SIB banka, the commission overseeing the sale of the bank said on Thursday. UniCredito is just the latest addition to the list of suitors for SIB banka, which includes three of Slovenia's largest banks, namely Nova Ljubljanska banka (NLB), Nova Kreditna banka Maribor (NKBM) and Abanka Vipa. The four banks have until 13 April to conduct due dilligence of SIB before placing binding offers.

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