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Slovenia selects NKBM as best bidder for privatisation of Abanka

Slovenia selects NKBM as best bidder for privatisation of Abanka kajikawa [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]

LJUBLJANA (Slovenia), June 19 (SeeNews) – Slovenia’s sovereign holding company, SDH, said on Wednesday it has selected local lender Nova Kreditna Banka Maribor (NKBM) as the best bidder for the purshase of 100% shareholding interest in state-owned Abanka.

SDH supervisory board agreed that the contract for the sale of shares in Abanka shall be concluded with the best bidder, namely NKBM, the sovereign holding company said in a statement.

“More information on the sales process and the value of the transaction will be made by SDH after the signing of the contract, which is scheduled for Thursday, June 20th, 2019,” SDH said.

SDH invited expressions of interest for the sale of Abanka in October. In 2013, the Slovenian government had to step in and recapitalise Abanka with 348 million euro whilst also seizing control of the bank. In October 2015, Abanka and its state-owned peer Banka Celje merged and Banka Celje ceased to exist as an independent legal entity.

 

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