Invitation to Tender for the Purchase of Claims Held Against the Fori Group

With the transfer of assets in 2014 from Slovenian banks, the Slovenian Bank Assets Management Company (BAMC) became a creditor of the companies TT Okroglica d.d., Fori d.o.o., Fori Skupina d.o.o., Elvel d.o.o., Emo-Tech d.o.o. (the “Fori Group”). At this point, BAMC is considering disposing of its collateralized loan exposure in the companies in the total amount of EUR 18,1 million.

The deadline for submission of indicative offers is 23 April 2019 and the deadline for submission of binding offers is 26 June 2019.

The Fori Group has a diverse product range segmented in several divisions/programmes: automotive programme, technical textile division, cable programme, metal & plastic division and toolshop, and offers integrated solutions from design to assembly of components/products. The Group’s largest business unit is TT Okroglica d.d., one of the leading manufacturers of technical textile and cable tapes in Europe.

The teaser with more information is available here.

Source: BAMC