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EBRD invites offers for Nova Ljubljanska banka shares
The European Bank for Reconstruction and Development has today published an
invitation for expressions of interest for blocks of its shares in Nova
Ljubljanska banka d.d. (NLB). The EBRD is required to invite expressions of
interest pursuant to existing shareholder agreements.
The present shareholding of NLB is Republic of Slovenia 35.41 per cent, KBC
Bank N.V. (Belgium) 34.00 per cent, EBRD 5.00 per cent and other minority
shareholders holding the balance.
The EBRD’s Business Group Director Financial Institutions, Kurt Geiger, said
as an investor the EBRD’s objective had been to support the further
development of NLB in Slovenia, and its expansion into the region of south
East Europe. The EBRD’s announcement is a result of the Bank’s contractual
obligations under the existing shareholder agreements, which pre-date KBC’s
recent announcement to reassess its investment in NLB.
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