Report: OTP in talks to take over NKBM for EUR 1bn

Ljubljana – The Hungarian bank OTP is in talks with the private equity fund Apollo to take over Slovenia’s NKBM bank in a deal worth nearly EUR 1 billion, the press agency Reuters has reported, citing sources close to the matter. Both NKBM and Apollo, which owns 80% of the bank, declined to comment. OTP acquired SKB Bank in Slovenia in 2019, with its CEO Sandor Csanyi telling the press in early 2020 that OTP wanted to acquire a 25-30% share of the Slovenian market. If the takeover of NKBM…

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