"The decision to sell NLB has been approved and the sale procedure can continue. We cannot comment on the rest of the content," said the head of the SDH Supervisory Board Damjan Belič.
There is, reportedly, great interest from investors. One tenth of the sale package will be offered to small investors, and NLB’s shares are expected to be listed at the Ljubljana and London stock exchanges in November.
The state will get around 1,1 billion euros if three quarters of the bank are sold according to the bank’s accounting value. The bank already paid out around 379 million euros in dividends and retained earnings, which means it could also recover the 1,5 billion euros from the capital increase in 2013.
In line with earlier commitments made to the European Commission, which approved the state aid for the bank in 2013, Slovenia must sell at least half of the bank by the end of this year.