LJUBLJANA (Slovenia), October 3 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), said on Tuesday it is inviting binding offers for the purchase of 24.99 million euro ($29.3 million) in claims held against local company Nuba Net.
DUTB intends to sell off its entire portfolio of claims, including accrued court fees, interest and accessory rights held against Nuba Net, the 'bad bank' said in a statement.
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Nuba Net has claims against its Serbian subsidiary, which has claims against its local peer Targo Telekom, therefore the bidder automatically obtains influence on the bankruptcy proceedings of Targo Telekom, DUTB said.
Targo Telekom, established in 2009, is a provider of telecommunication services in Serbia. The company has built the most advanced optical fibre network in Serbia, 1,350 km long. Currently Targo Telekom has 2,498 residential users, 149 SME users and 16 LME users, but with an instant possibility to connect 45,000 new users, according to the statement.
The deadline for the submission of binding offers is January 3, 2018.
DUTB was established in March 2013 as a government-owned company with the aim of facilitating the restructuring of local banks facing severe solvency and liquidity problems.
($=0.852108 euro)