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KD Group to open due diligence for possible buyers of insurer Adriatic Slovenica

Slovenia-based financial company KD Group financna družba d.d. invited selected investors to carry out due diligence of fully owned insurance unit Adriatic Slovenica Zavarovalna druzba d.d..

The company did not disclose the names of the investors because of confidentiality agreements concluded with the potential buyers.

KD Group decided to sell its majority stake in the insurer in November 2017 and selected financial advisory company Lazard to help it find a strategic investor for a majority stake.