The Slovenia Times

Jub acquires plastic packaging maker Aha Plastik

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The bad bank has also sold its claims to Aha Plastik to the new owner.

"The company Aha Plastik has become a new member of the Jub group, which opens the path to its future development," BAMC said in a press release on Thursday.

Jub-H has acquired Aha Plastik as a strategic investor, being a long-time business partner of the Kanal ob Soči-based company, formerly a part of the Aha group.

The new owner said on the occasion that it would look to ensure stable growth and development of Aha Plastik.

The bad bank has also transferred its claims to Aha Plastik, valued at EUR 4.3m, to the new owner as part of the transaction.

BAMC noted in the press release that the main problem of the company was an unsustainable level of debt and the fact that the companies within the Aha group had guaranteed for each other's liabilities.

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