LJUBLJANA, June 1 Slovenian privatisation
coordinator Slovenian Sovereign Holding (SDH) has asked the
government to confirm a price range for the initial public
offering (IPO) of Slovenia's largest bank Nova Ljubljanska
Banka, SDH said on Thursday.
The government is expected to decide on the matter next
Slovenia has obliged itself to sell 75 percent of NLB in
exchange for European Commission's approval of state aid to the
bank in 2013.
It plans to sell 50 percent of NLB this year and another 25
percent in 2018, while the government will keep the rest of the
bank to have a say in key business decisions.
According to local media, the government hopes to get at
least 1 billion euros for 75 percent of NLB.
Earlier this week Finance Minister Mateja Vranicar Erman
offered to quit over a possible delay in the NLB sale but Prime
Minister Miro Cerar did not accept her resignation.
(Reporting By Marja Novak, editing by David Evans)