LJUBLJANA (Slovenia), June 23 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), said on Friday it is inviting binding offers for the purchase of claims worth a total of 2.4 million euro ($2.7 million) against bankrupt company Kraska Druzba.
DUTB intends to sell off its entire portfolio of claims, including accrued court fees, interest and accessory rights, held against Kraska Druzba, a firm involved in real estate development, the 'bad bank' said in a statement.
You can subscribe to our M&A newsletter here
DUTB is also selling unencumbered real estate, which constitutes forest property with a total floor area of 5,021.00 sq m.
The deadline for submitting binding offers is July 24.
DUTB was established in March 2013 as a government-owned company with the aim of facilitating the restructuring of local banks facing severe solvency and liquidity problems.
($=0.8944 euro)