March 10 (SeeNews) - Slovenia's ‘bad bank’ is in exclusive talks for the sale of sports footwear manufacturer and retailer Alpina to Czech company K&H, local media reported.
"The sale is being negotiated exclusively with K&H, which is not from the industry, but is expected to offer the highest purchase price for the company," daily Delo reported on Wednesday.
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The Bank Assets Management Company (DUTB) aims to sell Alpina by April, Delo reported.
Last month, DUTB invited six companies to carry out due diligence on Alpina, of which four accepted, namely Slovenian ski manufacturer Elan, American-Austrian sports equipment maker Head, K&H and a group of Slovenian investors.
Alpina, which has been undergoing financial restructuring since 2016, recorded a 20% rise in revenue as demand for hiking and cross-country footwear increased significantly due to the changes in the habits of people who opted for more outdoor exercise, public broadcaster RTV quoted sources from Alpina as saying in February.