The Slovenia Times

Impol mulling acquisition in Croatia following EUR 50m bond issue


CEO Jernej Čokl told the Tuesday edition of the daily Finance that the company was interested in acquiring a Croatian aluminium products maker.

Čokl said however it was still too early to say whether Impol would succeed in taking over the Šibenik-based TLM. Croatian media have reported that TLM is facing bankruptcy and that Impol is willing to step in only after the launch of receivership.

TLM is nearly EUR 75m in debt and has 600 employees with virtually no work.

Talking to Finance, Čokl also said that Impol was doing much better this year than in 2014. "This year, the prices of raw materials are no longer increasing," he said.

Impol, which is based in the town of Slovenska Bistrica, north-east, expects to generate EUR 500m in revenue this year, while its net profit is to significantly exceed last year's EUR 13m, Čokl also told Finance.


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