The Slovenia Times

Takeover bid for Casino Chain


Companies Casino Riviera and Eurotas published their intent to acquire Casino Portoroz in the Finance business daily on Friday, committing themselves to publish a takeover bid within 30 days.

No details were made available about the planned bid by Casino Riviera GM Mitja Peternel, who said the company will first hold talks with the Capital Assets Management Agency, which manages the majority state stake in Casino Portoroz.

The bid comes on top of an unofficial offer from the Koper municipality to buy the state stake for a symbolic EUR 1.

While not commenting on the announcement by Casino Riviera, the management of Casino Portoroz, which employs 300 workers, confirmed today that its efforts to raise fresh capital will most probably fail.

The management said it would therefore get down to reviewing possible alternatives for avoiding receivership at the company, which included talks with potential bidders.


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