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Invitation to express interest in the acquisition of 100% stake in NKBM, d. d.

 

NOVA KREDITNA BANKA MARIBOR d.d. (“NKBM”) is the parent company in the second largest Slovenian banking group with an 11.3%* market share in terms of assets and a 14.1%* market share in terms of customers deposits. NKBM is a universal bank offering retail and corporate banking products and complementary financial services (including mutual and pension fund management and brokerage services) in Slovenia as well as in Croatia and Serbia. NKBM’s largest presence is in Slovenia where the bank benefits from a highly extensive domestic network coupled with exclusive access to the points of sales of the Slovenian Post.

 

In 2013, on the basis of the decisions adopted by the Bank of Slovenia ordering an extraordinary measure of capital increase at NKBM, the Republic of Slovenia carried out the requisite capital increase, which resulted in strengthening of NKBM’s balance sheet and improvement in its average asset quality, allowing the bank to focus on its development strategy for the coming years towards the retail and SME clientele in Slovenia.

 

Slovenska odškodninska družba d.d., on behalf of the Republic of Slovenia (the “Seller”), considers the disposal of 100% of the share capital of NKBM (“Transaction”). In this respect, Lazard Frères SAS (“Lazard”) has been retained by the Seller to conduct a two-stage auction process (the “Process”).

 

Interested parties are invited to express their interest in the Transaction by contacting Lazard at the email address set out at the end of this announcement. A summary briefing document regarding NKBM (the “Teaser”) is available upon request from Lazard. A process letter, which includes details of the requirements for the submission of indicative bids and other process related matters, and an information memorandum will also be available, subject to a non-disclosure agreement. The deadline for submitting indicative bids is currently set on July 3rd 2014.

 

For any additional information regarding the Process, please contact Mr. François Kayat, Managing Director, Lazard, E-mail: interest.nkbm@lazard.fr.

 

The Seller expressly reserves the right, at any time and in any respect, without giving notice or reasons, to amend or terminate the procedure currently envisaged for the Process, including terminate discussion(s) with any or all prospective purchasers.

 

* As of 31 December 2012.