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NLB offloading Macedonian pension fund manager

Ljubljana, 17 March (STA) - NLB, Slovenia's largest bank, has started soliciting bids for its 100% stake in NLB Nov penziski fond Skopje, a pension fund manager in Macedonia with about EUR 370m of assets under management.

NLB Nov penziski fond Skopje manages a mandatory second-pillar and voluntary third-pillar pension fund. It is jointly owned by NLB and its Macedonian subsidiary NLB Banka AD Skopje.

The sale procedure is managed by the NLB Corporate Finance Department. A deadline for the submission of bids has not been determined.