Final results for 2013 will be released in February, however the group has already said it generated EUR 252 in revenues in the first eleven months of 2013, a 4% increase over the same period in 2012.

Glaser said Perutnina Ptuj was looking for a potential investor or a strategic partner. However, even if it fails to find a partner, it can repay its EUR 111m debt, Glaser said.

The business daily Finance reported today that Perutnina Ptuj managed to repay only EUR 5m last year and that the remaining EUR 111m matured at the end of the year, while a plan to have its loan repayments extended had not been drafted yet.

Glaser told the press today that the group would lower its debt to EUR 100m by the end of the year. By 2017, the group expects to lower the principal by EUR 40m, he said.

The management expects to reach a deal on the loan repayment extension for this year with a consortium of creditor banks by the end of the month. Later they want to get a long-term loan restructuring, said management board member Tone Čeh.

Glaser believes that Perutnina Ptuj can afford a EUR 70m debt considering its annual revenues of EUR 300m. He said that the company employed nearly 3,700 people and had no solvency or capital problems.

The daily Finance moreover said that creditor banks wanted to replace the company's supervisors and management. Glaser said today he was not aware of any such demands.