Sale of 100% Equity and 28 Million EUR of Claims Towards the Company Alpina

Sale of 100% Equity and 28 Million EUR of Claims Towards the Company Alpina

May 2022

The Bank Assets Management Company (BAMC) has been selling 100% equity and all its claims (EUR 28 million) towards the company Alpina.

Alpina is a sports and fashion footwear manufacturer, globally best known as the first choice of Olympic and World Cup winners in cross-country skiing races.

BAMC became the sole owner of Alpina in 2015 after the conversion of receivables into capital, the expropriation of the previous owner of Alpina holding, and finalised compulsory settlement.

BAMC stated that they believe that they have done everything to rehabilitate and stabilize the business and that the time for the sale is appropriate, both in terms of the company’s operations and market conditions. They are convinced that Alpina will be able to take further development steps with a private strategic owner.

Unofficial reports say that approximately six companies have been selected to bid in the second round of the sales procedure, which is expected to be completed in the first quarter of the year.

May 2022

The Bank Assets Management Company (BAMC) has been selling 100% equity and all its claims (EUR 28 million) towards the company Alpina.

Alpina is a sports and fashion footwear manufacturer, globally best known as the first choice of Olympic and World Cup winners in cross-country skiing races.

BAMC became the sole owner of Alpina in 2015 after the conversion of receivables into capital, the expropriation of the previous owner of Alpina holding, and finalised compulsory settlement.

BAMC stated that they believe that they have done everything to rehabilitate and stabilize the business and that the time for the sale is appropriate, both in terms of the company’s operations and market conditions. They are convinced that Alpina will be able to take further development steps with a private strategic owner.

Unofficial reports say that approximately six companies have been selected to bid in the second round of the sales procedure, which is expected to be completed in the first quarter of the year.