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Slovenia's ‘bad bank’ sells 20% stake in Menina

Author Radomir Ralev
Slovenia's ‘bad bank’ sells 20% stake in Menina Photo: TheSloveniaTimes

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)