September 26 (SeeNews) - Four minority shareholders in Slovenian aluminum products maker Impol will exit the company by selling their combined 45.41% stake next month, one of the shareholders said on Wednesday.
Slovenian state-owned investment funds SOD and KAD, management and consultancy company D.S.U. and local private bank Probanka will auction the combined stake in Impol on October 16, KAD said in a statement.
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The starting price is set at 24.30 euro ($34.25) per share. SOD, KAD, D.S.U. and Probanka will jointly offer 1,844,917 shares of Impol, which they own directly and indirectly.
Further details on the company's shareholders' structure were not immediately available. Impol is not listed on the Ljubljana Stock Exchange (LJSE).
Impol (www.impol.si) has said it plans to manufacture 165,000 tonnes of products this year. It expects that its sales would exceed 500 million euro in 2007. Comparative figures were unavailable.
($ = 0.71 euro)