Slovenian Sovereign Holding (SDH), a firm accountable of selling state assets, has invited second round binding bids from interested parties to offload Nova KBM (NKBM), one of the second-largest banks in Slovenia.
On its website, the SDH said: "After receiving non-binding bids for the purchase of 100% of the share capital of Nova KBM, the Slovenian Sovereign Holding has initiated the second phase of the sale process of Nova KBM shares."
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A statement by SDH was cited by Reuters as saying: "We expect the binding bids in October. The invited bidders are those which submitted completed bids in the first round and offered the best purchase terms."
SDH received six non-binding bids last month, including two banks and four investment funds.
Following 3bn bailout to save its troubled banks, divesting state-owned companies is seen as an important component of Slovenia’s ability to stabilize its finances and economy.
The government has put aside 15 firms for privatization, and has already sold two of them. Others on the list include NKBM, airport Aerodrom Ljubljana and telecom firm Telekom.
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