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EC gives go-ahead to Slovenia's plan for NLB bank sale

Author: Marija Šestan

ZAGREB, Aug 10 (Hina) - The European Commission on Friday okayed a plan proposed by the Slovenian government whereby at least 50% of the stock of Nova Ljubljanska Banka (NLB) is to be sold by the end of this year, and an additional 25% in 2019, so that money invested by Ljubljana in 2013 as the injection of fresh capital in the bank would no longer amount to state aid not compatible with European Union rules.

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