This is the first public offer of shares on Ljubljana and London stock exchanges. Foto: BoBo
This is the first public offer of shares on Ljubljana and London stock exchanges. Foto: BoBo

The Slovenian Sovereign Holding (SSH) and NLB bank released the intention to sell the NLB shares. This is the first public offer of shares on Ljubljana and London stock exchanges. The sales price will be known at the end of the month, and it will be determined and confirmed by the SSH on behalf of the government, based on the interest of investors. A minimum of half of the bank to a maximum of three-quarters of NLB will be available, however, 10 percent of the shares will be offered to small investors.

The state offers 10 percent of NLB to small shareholders or to uninformed investors, and due to bad experiences with NKBM and their shares, an excessive interest is not to be expected. Who will buy the shares of NLB? They mostly expect some major foreign investors and financial funds. 10 percent is offered to the uninformed small investors. Due to improved business performance, NLB could be interesting to buyers, especially to those who are planning on investing in the region.

Could the NKBM story when the government ordered certain state companies to buy shares of the Maribor bank, which were subsequently devaluated, repeat itself? This would be more than inappropriate, say the connoisseurs.

The sale price of the shares is yet unknown, and the state is supposed to unofficially sell only 75 percent of the stake instead of 100 percent, which means one billion and a half. The final selling price will be determined on the basis of the number of fund orders, which will place an order at the end of the month.