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Slovenia's 'bad bank' extends deadline for bids for claims against Mestna Vrata

Author Maja Garaca
Slovenia's 'bad bank' extends deadline for bids for claims against Mestna Vrata Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

LJUBLJANA (Slovenia), January 18 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), said it is extending the deadline for submitting binding offers for the purchase of 16.4 million euro ($20.0 million) of claims held against local company Mestna Vrata.

The company is doing business in real estate, transport, catering, trade, brokering, construction, entertainment, and renting services, DUTB said in a statement on Wednesday.

DUTB intends to sell off a bundle of claims held against Mestna Vrata, including accrued court fees, interest and accessory rights held against the company.

The Mestna vrata claims are secured with pledged real estate, specifically a hotel located in the Maribor city area. The hotel has a gross floor area of 17,267.32 m2, over 70 rooms, a restaurant and multiple congress facilities. 

The deadline for submitting binding offers is March 6, 2018.

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.

($=0.818855 euro)

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