Slovenian lender Nova Ljubljanska Banka (NLB) said on Thursday that it does not plan to sell its 28% stake in local pension insurer Skupna Pokojninska Druzba in response to speculations of a possible divestment.

The speculations were prompted by Skupna's takeover by Slovenia's biggest insurer, Zavarovalnica Triglav. Triglav said on Wednesday it had raised its stake in Skupna to 66.65% from 30.14% after a tender offer and added that it aimed to strengthen its presence on the Slovenian pension insurance market. Read the full story SLOVENIA's lender NLB rejects talk of exit from insurer Skupna