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LJUBLJANA (Slovenia), August 6 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company, has sold its 20% stake in the capital of local funeral equipment manufacturer Menina, the latter said.
The Bank Assets Management Company (DUTB) sold 10,310 Menina shares, Menina said in a filing with the Ljubljana Stock Exchange on Monday.
Last month, Slovenian company Haj launched a buyout bid for Menina. Haj owned 12,260 Menina shares at the time, representing a 26.7% stake in the company's capital.
The book value of a Menina share amounted to 129.94 euro ($145.5) at the end of December.
Menina produces coffins, cremation urns and other pieces of funeral equipment.
($ = 0.893115 euro)