NKBM is now owned by American capital. Foto: BoBo
NKBM is now owned by American capital. Foto: BoBo

Daily newspaper Delo reported that the negotiations of the state investment fund SDH with Apollo have been concluded. The last negotiated topic was the potential repayment for the owners of the wiped-out subordinated bonds, and the agreement was made that the cost would be shared by both parties. The exact price is not known, but approximately 200 million euros have been mentioned.

Apollo entered the second round of negotiation with the best binding offer, thus beating the Hungarian bank OTP offering only 130 million euros.

Due to the already given unauthorised help, the state had committed itself to the European Commission to sell NKBM before the end of 2014. Taxpayers had already in 2012 put 100 million euros into NKBM, and additional 870 million euros of capital plus 1.149 billion euros of guarantees for transfer of bad debts to BAMC.