Slovenia’s NLB Seeks Offers For Unit

Nova Ljubljanska Banka is planning to sell its Banka Celje unit.

Nova Ljubljanska Banka (NLB) is planning to sell its Banka Celje unit, Reuters reports. The Slovenian lender has partnered with other local owners of the unit to offer 75.1% of its ordinary shares as well as 57.21% of its preferred shares.

Ljubljana-based NLB expects non-binding offers for unlisted Celje by April 8. NLB, which owns around 49.4% of Celje, is seeking to sell its subsidiaries to boost its capital and it also plans to issue new shares to the value of €250 million.

Click here for the story from Reuters.