June 18 (SeeNews) - Bosnia’s leading manufacturer of personal and household care products Violeta is the favourite to buy the financially troubled local confectionery maker Lasta, local media reported.
A deal has not been signed yet but Violeta's bid for Lasta has been evaluated as the best one, news provider Klix.ba quoted Violeta owner Petar Corluka as saying on Monday.
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The bid was submitted in the fourth auction for the sale of Capljina-based Lasta. The media report did not mention what the ask price in the auction was.
In June 2018, a Bosnian court decided to open bankruptcy proceedings against Lasta upon the request of Privredna Banka Sarajevo.
Lasta is 51%-owned by Croatian alcoholic drinks and confectionery producer Zvecevo, which also was in severe financial trouble back in 2017 linked to the collapse of food-to-retail concern Agrokor.
Violeta, launched in 2002, produces sanitary napkins, toilet tissue, paper towels, wet and dry tissues, baby diapers, sanitary towels as well as paper tablecloths and dusters. In addition to manufacturing, the company is focused on importing and distributing food and hygiene products, according to data published on its website.
(1 euro = 1.95583 marka)