Restructuring at Cimos completed, sale follows

(Photo: cimos.eu)

County court in Kopar, with majority, approved ending of forced deal at Cimos. Green light for early closing of forced settlement was approved with votes of Abanke, DUTB, Gorenjska banka, International Financial Corporation (IFC), NKBM, NLB, SID bank and the state, DUTB announced, STA writes, Delo reports.

All stakeholders carried out registration and payment of new shares and transfer of their property to company where the biggest owner is DUTB with 46%, the second-ranked with 25% stake is the state and the third ranked with 9% Nova Ljubljanska banka (NLB). In Cimos and DUTB, they expect the process of forced deal will formally end during the first days of May.

After successful completion of forced deal, sale of Cimos will follow in an open, transparent and expertly supported process where "Ernst & Young", chosen by key new owners, will be an advisor.

The sales process at Cimos will start in the fall and it is expect to end by the end of next year.