Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale

Published: October 5, 2010; 14:50 · (Vindobona)

Hypo Alpe-Adria-Bank International has put up for sale a 25% share of Merkur, the insolvent Slovenian DIY and home improvement products chain, in the daily newspaper "Delo”

Hypo Alpe-Adria: 25% of the Slovenian Merkur DIY Chain Put Up for Sale / Picture: © Hypo Alpe-Adria-Bank International AG

The Carinthian bank obtained the share, which is said to be worth 38 million euro, as collateral for a credit given to Merfin -a company managed by Merkur- which had planned a buy-out. A public auction of the shares is to take place on October 15, reported the Slovenian news agency STA.

In June this year, the takeover of the DIY chain Merkur by the Slovenian retailer chain…

This article includes a total of 182 words.

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