February 10 (SeeNews) - Slovenian investment holding company KS Nalozbe [LJE:KSFR] said it has launched talks on acquiring Ljubljana-based real estate developer Ceeref.
For the purpose of the acquisition, KS Nalozbe signed on February 7 a letter of intent with Luxembourg-based parent company Ceeref, KS Nalozbe said in a statement on Friday.
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The signing of a final agreement for the purchase of the entire ownership stake in Ceeref depends on the results of a due diligence process which will begin following the signing of the letter of intent, and receipt of relevant approvals of KS Nalozbe's shareholders and the respective competition authorities.
The potential buyer disclosed no financial details of the planned transaction.
KS Nalozbe's main line of business is the purchase, management and sale of shareholdings in other enterprises.