Business News


No Interest in Purchase of Intereuropa

Koper, 01 April (STA) - Logistics group Intereuropa will not get new owners as two separate call for expression of interest involving 24.8% and 50.98% of Intereuropa stock respectively, expired on Thursday without a single bid having been received.

Luka Koper, which was selling its 24.8% stake, and the state-owned KAD fund, which was selling on behalf of six major shareholders including Luka Koper, said Friday they had received no offers.

The bidding started in late December, when Luka Koper put its stake up for sale.

When several other shareholders expressed interest in joining forces, a consortium was formed but Luka Koper at the same time extended the deadline for bidding for its stake.

Since Luka Koper first announced it was divesting, Intereuropa shares lost nearly a quarter of their value and are currently trading at about 3 euros.

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