Bank puts Mercator, Laško stocks up for sale

The New Ljubljana Bank has started selling shares in Mercator and the Laško brewery on the open market after both companies defaulted on loans.

Izvor: B92

Friday, 19.06.2009.

14:25

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The New Ljubljana Bank has started selling shares in Mercator and the Lasko brewery on the open market after both companies defaulted on loans. The bank announced today that it would begin selling 10.75 percent and 23.51 percent of Mercator and Lasko’s shares respectively, which the bank confiscated from Infond Holding, after it failed to return a loan of EUR 130mn before the agreed deadline. Bank puts Mercator, Lasko stocks up for sale All interested bidders can submit their binding offers up to July 10, after which negotiations will begin between the bank and interested buyers. Priority will be given to buyers who are prepared to buy all the shares of both companies being offered. Interest buyers must submit a bank guarantee of at least EUR 10mn. The current price of the stake being sold by the bank on the Ljubljana stock market is about EUR 158mn.

Bank puts Mercator, Laško stocks up for sale

All interested bidders can submit their binding offers up to July 10, after which negotiations will begin between the bank and interested buyers.

Priority will be given to buyers who are prepared to buy all the shares of both companies being offered.

Interest buyers must submit a bank guarantee of at least EUR 10mn. The current price of the stake being sold by the bank on the Ljubljana stock market is about EUR 158mn.

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