LJUBLJANA (Slovenia), March 21 (SeeNews) – Slovenia's white goods manufacturer Gorenje said it is analysing the possibilities to withdraw its bonds GV01 and GV02 from the organized market of the Ljubljana Stock Exchange (LJSE).
"For this purpose, Gorenje intends to start discussions with bondholders of GV01 and GV02 with respect to terms and methods of delisting and potential changes of existing terms and conditions of the Bonds," Gorenje said in a filing to the LJSE on Wednesday.
Gorenje also said it has authorised Slovenia's Nova Ljubljanska Banka (NLB) to study the possibilities for the delisting of the bonds from the organized market and thereafter organise potential actual delisting and bonds' repurchase.
In November, Gorenje said it decided to delist its GRVG shares from the prime market of the LJSE. The decision was in line with the plan of Gorenje's majority owner Hisense Luxembourg Home Appliance Holding, part of China's Hisense Group, to squeeze out minorities by taking over their shares against payment of monetary compensation.
The final decision on delisting the bonds will be taken after discussions with bondholders are completed, Gorenje said.
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