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Oct 09, 2007 15:49 EEST
October 9 (SeeNews) - Slovenia’s largest bank by assets, Nova Ljubljanska Banka (NLB), said on Tuesday it has raised its stake in Frankfurt-based LHB Internationale Handelsbank to 81.02% from 56.01%.
NLB said in a statement it has signed a contract with Slovenian asset manager Maksima Holding to buy 25.01% of LHB Internationale Handelsbank. It provided no financial details of the deal.
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NLB reported earlier a 72% jump in its half-year group net profit to a preliminary 95.579 million euro ($134 million) from 55.431 million a year earlier.
The NLB Group comprises 60 units operating on 18 markets, including 16 banks, 11 leasing companies, 11 financial companies and five insurers. The Slovenian government owns 35.41% of NLB and Belgian banking group KBC has 34%. The remainder is owned by a large number of minority shareholders.
($ = 0.71 euro)
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