Slovenia's 'bad bank' extends deadline again for bids for claims against NUBA

LJUBLJANA (Slovenia), January 12 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), said it is extending for the second time the deadline for the submission of binding offers for the purchase of 24.99 million euro ($30.3 million) of claims held against local investment advisor NUBA, in bankruptcy.

DUTB intends to sell off a bundle of claims held against NUBA, including accrued court fees, interest and accessory rights held against the company, it said in a statement on Thursday.

NUBA also has claims against the company NUBA NET d.o.o. from Serbia which has claims against the company Targo Telekom d.o.o. from Serbia, therefore through claims held against the company the bidder gets influence on bankruptcy proceeding of Targo Telekom d.o.o

Targo Telekom is provider of telecommunications services in Serbia. The company has from its establishment in 2009 built the most advanced fiber optical network in Serbia, 1350 km long.

Currently Targo Telekom has 2,498 residential users, 149 SME users and 16 LME users plus a possibility to instantly connect 45,000 new users

The new deadline for the submission of binding offers is February 9, 2018. The previously set deadline will expire on January 15.

DUTB was established in March 2013 as a government-owned company with the aim of facilitating the restructuring of local banks facing severe solvency and liquidity problems.

($=0.824377 euro)

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