Germany's Katera plans buyout bid for Slovenia's Nama

The offer pertains to 116,998 out of the 953,795 ordinary registered shares of Nama, which Katera aims to acquire for a price of 25 euro ($27.1) apiece, the department store chain said in a filing with the Ljubljana Stock Exchange.

Katera's offer is valid from May 27 to June 24, Nama said.

The owners of Katera - German asset management company KGAL and Slovenia's biggest insurer, Zavarovalnica Triglav [LJE:ZVTG] - have provided the acquirer with 24.5 million euro for the execution of the planned transaction, in the form of contributions to its capital reserves, Nama noted.

KGAL holds a 75.1% ownership interest in Katera's equity capital, while Triglav owns the remaining 24.9%, Nama added.

The Slovenian company owns a department store in Ljubljana. Nama owned several other department stores across Slovenia which it sold in 2020.

($ = 0.9222 euro)