Business News

Viator&Vektor Selling Steel, Defence Arms as Part of Receivership

Ljubljana, 24 July (STA) - Insolvent logistics group Viator&Vektor will sell its steel and defence arms, Sistemska tehnika and Sistemska tehnika Armas, as part of ongoing receivership proceedings, it was announced Wednesday.

An auction of the two companies was called by receiver Silvo Zorec for 27 August, with the opening bids set at EUR 2.733m for an outright stake in both companies.

Potential bidders who will sign a non-disclosure agreement will be able to conduct due diligence of the two companies prior to the auction, according to a call published on the website of the Agency of the Republic of Slovenia for Public Legal Records and Related Services.

The assets will be put for sale as-is, while bidders will have to deposit an advance of 10% at least a day before the auction.

The Viator & Vektor group owns 89.73% of Sistemska tehnika, with the remaining share is held by Sistemska tehnika Armas, which in turn is fully owned by Viator & Vektor.

Sistemska tehnika, which produces steel components and equipment, has a nominal capital of EUR 4.5m, while the nominal capital of defence contractor Sistemska tehnika Armas, a maker of armoured personnel carriers and artillery weapons parts, is EUR 2.97m.

Sistemska tehnika Armas is best know for producing the 6x6 Valuk APC for the Slovenian army, a variant of Steyr-Daimler-Puch's Pandur vehicle.

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