Business News

Zavarovalnica Triglav Selling 3% Stake in NLB Bank

Ljubljana, 18 February (STA) - State-owned insurer Zavarovalnica Triglav and reinsurer Triglav Re published on Friday a call for bids for a combined 3.29% stake in Slovenia's biggest bank, NLB. Bids are expected until 25 February, with the minimum price per share set at EUR 116.

Slovenia's leading insurer already announced the move last week after it received a bid for shares of the NLB bank, which is also in majority state ownership.

It did not disclose who the bidder was at the time and also remained tight-lipped about the background of its decision today.

Zavarovalnica Triglav is selling 290,155 shares or a EUR 3.26% stake and Triglav Re 2,718 or 0.03%. The bids should encompass the entire package, the call published in daily Delo says.

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