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Slovenia's NLB sells stake of 28% in pension insurer to Triglav

Slovenia's NLB sells stake of 28% in pension insurer to Triglav Author: NLB. License: All rights reserved.

LJUBLJANA (Slovenia), September 17 (SeeNews) - Slovenia's state-owned lender Nova Ljubljanska Banka (NLB) said it has signed an agreement for the sale of 9,102 shares of pension insurer Skupna pokojninska druzba, representing 28.13% of its share capital, to local insurer Zavarovalnica Triglav. 

Following the transaction, Triglav will become Skupna pokojninska druzba's sole owner, NBL said in a Ljubljana bourse filing late on Friday.

The price of the deal was not disclosed.

The capital impact of the transaction is not material for the NLB Group.

In a separate statement, Triglav noted that it sees the pension insurance market as promising with a growth potential in terms of an increased number of clients and a higher volume of accumulated assets.

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