February 8 (SeeNews) - Slovenian hand tools manufacturer Unior [LJE:UKIG] said on Wednesday it agreed to set April 16 as the deadline for the fulfilment of all conditions for the sale of its 98.56% stake in ski resort operator RTC Krvavec.
The company signed an annex on the deadline with the buyer of the stake, Slovenian company Alpska Investicijska Druzba, Unior said in a filing with the Ljubljana Stock Exchange.
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Unior signed an agreement for the sale of the stake to Alpska Investicijska Druzba on December 12.
The transfer of shares to Alpska Investicijska Druzba will be carried out upon the fulfilment of certain conditions, including obtaining the consent of Unior's creditor banks, with which the company signed in December 2016 a syndicated loan agreement to refinance its liabilities, the Slovenian hand tools manufacturer said in a statement back in December.
The sale of the shares in RTC Krvavec is in line with Unior's policy for the disposal of non-core assets, as agreed in the syndicated loan agreement.
RTC Krvavec is the operator of the Krvavec ski resort near Slovenia's capital Ljubljana.