Dentons has advised Slovenian state-owned Slovenski Drzavni Holding d.d., on the sale, made through private placement to institutional investors via an accelerated bookbuild process, of an aggregate of shares and global depository receipts representing 1,999,999 shares in Nova Ljubljanska Banka d.d. Ulcar & Partnerij advised the Republic of Slovenia on Slovenian law aspects and Shearman & Sterling reportedly advised the syndicate of banks, including Deutsche Bank as sole global coordinator and joint bookrunner with Citigroup. Wood & Company acted as Co-Lead Manager.
The sale, which is equal to 10% of Nova Ljubljanska Banka's share capital minus 1 share, was made at a price of EUR 54.75 per share and EUR 10.95 per GDR, and raised gross proceeds of EUR 109.5 million. It completes the Republic of Slovenia's privatization of NLB in accordance with the divestment procedure agreed on with the European Commission. The country continues to be the largest shareholder of NLB, however, with a 25% stake plus 1 share.
The Dentons UK-based team included Partners Nik Colbridge and Cameron Half and Associate Nicolo Ascione.
The Ulcar & Partnerij team included Managing Partner Matjaz Ulcar and Associated Partner Brigita Kraljic.
