Nova Ljubljanska Banka (NLB) has rolled out a €250 million share issue to increase its capital reserves, Financial Times reports. The biggest Slovenian bank is looking to sell shares at €116 to existing shareholders, raising the overall number of shares by 24%. The Slovenian government, which is NLB’s largest shareholder with a 48.6% stake, may raise its stake to over 50%. The non-listed bank will extend the offer to outside investors from March 23 if any new shares are still outstanding.
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