<p>The European Bank for Reconstruction and Development (EBRD) has exited its investment in Prva Group, one of Slovenia’s – and south-east Europe’s – biggest insurance and pensions providers.</p>
<p>At the end of March the bank sold its 20% stake for an undisclosed amount to DEJ doo, a Ljubljana-based company that already held just over 50% in Prva.</p>
<p>According to the EBRD, it originally invested in Prva in February 2007 in order to further its market expansion and strengthen corporate governance.</p>
<p>Later that year Prva’s subsidiary <a href="https://www.ipe.com/pensions/pensions-in/cee/pensions-in-central-and-eastern-europe-the-living-organism-of-macedonian-pensions-a-decade-after-reforms/10006096.article">KB First Pension Company</a> won one of two Macedonian mandatory pension fund licences, and subsequently set up a voluntary fund.</p>