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Hypo Bank sells fourth of Merkur's shares - Starting price of 38 million euros
Tuesday, 05.10.2010.
12:23
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Hypo Alpe Adria Bank International has announced that it will sell 328,000 shares of Merkur, the biggest Slovenian market chain, and that the starting price for that package will be 38 million euros.
- Hypo Bank will offer for sale the shares that it has taken as a guarantee for the loan for Merfin company - Slovenian daily paper Finance writes.
The public sale of 25% of the shares of Merkur, which has recently announced that it is unable to settle its obligations any more, is scheduled for October 15.
Matevz Slapnicar, the Chairman of the Supervisory Board of Merkur, stated on that occasion that it was high time to find out who the real owners of Merkur were.
According to his expectations, Hypo Bank should now appear as a buyer of the offered shares.
Merfin is the company through which the managers have taken over the largest Slovenian technical goods vendor - Merkur, which has recently declared insolvency and announced financial restructuring.
Merkur Group Naklo
Merkur International d.o.o. Beograd
Addiko bank (Hypo Alpe-Adria-Bank AG ) Austria
Addiko bank ad Beograd