LJUBLJANA (Slovenia), October 7 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), said on Friday it is inviting tenders for the purchase of claims worth a total of 13.4 million euro ($15 million) against trade and service company PPT Veletrgovina.
The DUTB intends to sell off its entire portfolio of claims including accrued court fees, interest and accessory rights held against the company, which as of October 6 amounted to a total of 13.4 million euro, DUTB said in a notice on its website.
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Bidders should submit their offers by October 25.
The DUTB was established in March 2013 as a government-owned company with the aim of facilitating the restructuring of local banks facing severe solvency and liquidity problems.
($= 0.8950 euro)