NLB will acquire SLS Holdco from funds managed by affiliates of Apollo Global Management and the European Bank for Reconstruction and Development (EBRD).
The purchase price represents a modest premium to the book value of Summit Leasing, which also provides point-of-sale consumer finance, NLB said.
Completion is planned for the second half of 2024, the bank said in a filing with the Ljubljana Stock Exchange.
“We believe that leasing will become a significant part of the group. It is planned that in its mature phase, it will contribute more than 1 billion euro ($1.1 billion) to the total…