Sale of BETI d.d.

Sale of BETI d.d.

April 2023

The Bank Assets Management Company (BAMC) is selling the leading European manufacturer of special dyed and technical yarns, Beti d.d.

The subject of the sales process is at least 86,7% of Beti’s equity and a majority of Beti’s financial liabilities which will be sold as a package. The equity stake is in 100% ownership of Mr. Viktor Kozjan and the claims by BAMC.

In 2020, Beti had a net loss of EUR 53 000, which is the first net loss after 2013. The company’s net sales revenues amounted to EUR 7.5 million (21 percent lower than in 2019).

Reportedly, Beti felt the corona crisis strongly in 2020 when the number of orders fell significantly, but managed to maintain all key markets: Italy, France, the USA, Russia, Belarus and Turkey, while further strengthening their position in Germany and northern Europe.

According to the unofficial information, a German company bought the claims against Beti from the DUTB.

April 2023

The Bank Assets Management Company (BAMC) is selling the leading European manufacturer of special dyed and technical yarns, Beti d.d.

The subject of the sales process is at least 86,7% of Beti’s equity and a majority of Beti’s financial liabilities which will be sold as a package. The equity stake is in 100% ownership of Mr. Viktor Kozjan and the claims by BAMC.

In 2020, Beti had a net loss of EUR 53 000, which is the first net loss after 2013. The company’s net sales revenues amounted to EUR 7.5 million (21 percent lower than in 2019).

Reportedly, Beti felt the corona crisis strongly in 2020 when the number of orders fell significantly, but managed to maintain all key markets: Italy, France, the USA, Russia, Belarus and Turkey, while further strengthening their position in Germany and northern Europe.

According to the unofficial information, a German company bought the claims against Beti from the DUTB.