The SDH first disclosed the information to Reuters. It later also confirmed the report on its website. More is to be known in the coming days after an agreement is signed.
The sales procedure of state shares in the NLB is to begin next year. In accordance to commitments made to the European Commission, NLB is to be sold by the end of 2017.

The size of the share that has to be sold has not been defined. The Strategy for managing capital assets, approved by the National Assembly, includes the NLB among those assets in which the state is to preserve a 25% share plus one additional stock. The strategy also envisages that none of the remaining owners are to own a bigger share than the state.

The SDH management has assessed that an initial public offering (IPO) may not be the most suitable sales method, as it would not guarantee an optimal price. The SDH announced that it would try find another model together with the relevant ministry and bank, reports the STA press agency.