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NLB Discussing Sale of Mercator with Mid Europa Partners

Ljubljana, 21 September (STA) - Slovenia's largest bank NLB has entered into a contract with investment firm Mid Europa Partners launching exclusive negotiations on the sale of the bank's 10.75% stake in retailer Mercator.

The contract does not mean that NLB is bound to sell the stake seized last year from the insolvent Infond and Istrabenz to the Budapest-based equity group, the bank said in a press release.

Mid Europa Partners participated in the call for bids for the stake published at the beginning of the year. Back then, NLB pulled out of the sale as it was unhappy with the bids.

The Budapest-based group manages around EUR 3.2bn in assets. It owns several companies in the region, including Slovenian cable operator Telemach.

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