“Slovenia completed the first phase of privatisation of NLB, the country’s largest lender, as it sold 59% of the bank in an initial public offering, with the option of extending the offer to 65%. The price was at the lower end of the range, EUR 51.5 per share, a boon to investors but also a cause of political criticism.

Under the terms of the initial public offering finalised on Friday, the state will initially sell 59.1% of the bank for just below EUR 609m, but taking into account an over-allotment option that the stake could increase to 65%.

Based on the pricing, the market capitalisation of NLB will be approximately EUR 1.03bn at the start of trading on the Ljubljana Stock Exchange and the Main Market of the London Stock Exchange on 14 November.” (Slovenia Times)