Bank Assets Management Company (DUTB), To Sell Their 12.93% Share in Cinkarna Celje

According to media, the deadline for submitting bids was 13 November.

According to media, Bank Assets Management Company (DUTB), has announced a public tender for the collection of non-binding offers for the purchase of Cinkarna Celje shares. DUBT is selling 104,504 shares which represents 12.93%, or the total share it has in Cinkarna Celje. According to media the deadline for submitting bids was 13 November. Note that no announcement was made on Ljubljana Stock Exchange on this notice.

As a reminder, in 2018, Anatol (a company from the Martens Management Group) and KKR announced their intention to take over with an offer of EUR 220 per share (after the dividend payment). The offer was considered as too low for the largest – Modra zavarovalnica, SDH, DUBT and KD Skladi.

Meanwhile, the company is currently traded at EUR 155 per share, putting it at a trailing 12m P/E 6.7 of and EV/EBITDA of 3.1.

Category : Flash News

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