The Slovenia Times

Four prospective buyers invited to bid for Intereuropa

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Intereuropa announced the news in a press release on the Ljubljana Stock Exchange on Friday after being notified of the decision by PwC Svetovanje, the consultant in the sale.

Responding to specific names of bidders published in the media in recent days, Intereuropa said it had not been informed about the specific names of those who submitted non-binding offers.

Citing unofficial information, the news web site Siol reported on Tuesday that bids had been submitted by PoŇ°ta Slovenije, the national postal company, Netlog Logistics, a leading Turkish logistics group, an unnamed bidder from the UK and the Cyprus-based company Cassowary Investments.

The creditor banks NLB, SID Banka, Gorenjska Banka, SKB Banka and Banka Intesa Sanpaolo are selling a combined 72.13% of shares in Intereuropa, which represent 54.47% of the voting rights.

This is the second attempt to sell the company after the one in 2016. At the time, the five banks failed to agree the final terms with the selected bidder, the Czech-Maltese asset manager Tuffieh Funds.

The banks acquired the stakes by converting EUR 18.4m in claims into equity as part of the company's financial restructuring. The bank NKBM converted EUR 1.2m worth of claims but transferred the shares to the Bank Asset management Company.

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