Koper, 06 April (STA) - A majority stake in logistics company Intereuropa will be put on sale again two years after the previous sale attempt was abandoned, the company said on Friday.
Intereuropa said five banks which own 72.13% of all shares had signed a contract of mandate with consultancy PwC regarding the sale of the shares.
The package includes 9.1 million ordinary shares plus 10.6 million preferred shares, representing 72.13% of total stock and 54.47% of voting rights.
Intereuropa had a market capitalisation of EUR 33.7m on the Ljubljana Stock Exchange at Friday's closing price.
The owners had tried to sell Intereuropa in 2016, but the deal fell through after the sellers failed to agree the final terms of the transaction with the selected bidder, the Czech-Maltese asset manager Tuffieh Funds.
The banks took possession of the stock in an EUR 18.4m debt-to-equity swap.
The company, once the biggest player on the national logistics market, has been struggling for years, having invested significantly in expansion prior to the crisis, projects that are now the subject of court procedures.
Its performance has been improving. In 2016 it generated EUR 150m in group sales, up 11% year-on-year. Its current operations are profitable, but it booked a EUR 1.6m loss for the year due to the revaluation of fixed assets.