August 22 (SeeNews) - Slovenian private equity fund Alfi PE plans to acquire Merkur Nepremicnine, the real estate unit of local insolvent home products and appliances group Merkur, local media reported.
Alfi will pay more than 10 million euro ($10 million) for Merkur Nepremicnine but has not yet signed agreement for the purchase of the company with the owner of 62% of its equity capital, the Bank Assets Management Company (DUTB), Slovenian daily Delo reported on Friday.
The transaction will include the acquisition of 13 million euro of receivables, with Alfi becoming the sole financial creditor of the company with about 21 million euro of debt, Merkur Nepremicnine said.
In April, Alfi completed the acquisition of Merkur Trgovina, the retail unit of Merkur for 50 million euro ($54.1 million). The private equity fund plans to improve customers' shopping experience and build shopping centres in Ajdovscina and Koper, public broadcaster RTV reported back then.
US investment firm HPS Investment Partners bought Merkur Trgovina for 28.56 million euro in July 2017.
Merkur went bankrupt in November 2014 and its activities were separated into two new firms - the retail unit Merkur Trgovina and Merkur Nepremicnine, which is in charge of real estate assets.
($ = 0.9997 euro)