LJUBLJANA (Slovenia), July 3 (SeeNews) – Slovenia's 'bad bank' DUTB has invited expressions of interest for the purchase of a 100% stake in Liv Kolesa, a leading European producer of wheels and castors
Subject to the sale is also a majority of the claims DUTB holds against the company, or 7.7 million euro ($8.8 million) in claims as of December 31, the 'bad bank' said late on Friday.
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Liv Kolesa has undergone an extensive restructuring process, following which it saw 75% growth of net sales in the period from 2014 to 2016.
In 2016, the company generated 85% of its sales on foreign markets, mostly in Germany.
The deadline for placing non-binding bids is planned at the end of August.
($=0.8784 euro)