LJUBLJANA Feb 15 Slovenia hopes to sell 75
percent of its largest bank, state-owned Nova Ljubljanska Banka
(NLB), for at least 1 billion euros ($1.06 billion), newspaper
Delo reported on Wednesday citing unofficial sources.
It said the country might ask the European Commission to
allow the sale to be delayed if that price is not reached.
The finance ministry and state investment firm Slovenian
Sovereign Holding (SDH), which is in charge of privatisation,
gave no immediate comment.
NLB was rescued by the state in 2013 when it received a
state capital injection of 1.55 billion euros.
In exchange for the European Commission's permission for
state aid Slovenia was obliged to sell 75 percent of the bank by
the end of 2017.
SDH had said it would start the privatisation of NLB after
the release of NLB's 2016 results, which are due on March 6. It
said NLB would be sold through an initial public offering.
($1 = 0.9454 euros)
(Reporting by Marja Novak; editing by Susan Thomas)