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Report: Slovenia picks Deutsche Bank to advise on Nova Ljubljanska Banka sale

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Report: Slovenia picks Deutsche Bank to advise on Nova Ljubljanska Banka sale

Slovenian state holding company SDH said March 31that it engaged Deutsche BankAG as financial adviser on the planned of wholly state-owned ,Reuters reported the same day.

SDH told the newswire that a contract with the German lenderwould be signed later the same day or April 1.

Slovenian Finance Minister Dušan Mramor said March 29 that the state would revisit its saleconditions for NLB in June or July after IMF representative NikolayGueorguiev said that the government may fail to attract buyers due to thesale's provision that no investor should have a bigger stake than the state's remaining25%.