March 17 (SeeNews) - Slovenia's largest lender, state-owned Nova Ljubljanska Banka (NLB), said on Friday it has started looking for buyers of 100% of the share capital of its Macedonian-based pension fund management company NLB Nov penziski fond AD Skopje (NLB NPF).
NLB NPF manages two pension funds in Macedonia - one in the mandatory second pillar and one in the voluntary third pillar, with some 370 million euro ($398.2 million) of assets under management, the bank said in a filing with the Ljubljana bourse.
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NLB owns 51% of the share capital in NLB NPF, whereas the remaining 49% is owned by NLB Banka AD Skopje, a subsidiary of NLB, which is also selling its stake in the share capital of the company.
NLB has been 100% state-owned since 2013, when the Slovenian government had to step in and recapitalise it and two other lenders - NKBM and Abanka, narrowly avoiding an international bailout. The state is expected to launch a procedure to sell the bank soon.
($=0.928977 euro)