Luxembourg's Anatol says it will not bid for Slovenia's Cinkarna
14/06/2018 06:45
LJUBLJANA, June 14 (Reuters) - Luxembourg's Anatol S.a.r.l.
will not announce a takeover bid for Slovenian metal products
maker Cinkarna Celje CICJ.LJ , strategic communication firm
Propiar, which represents Anatol, said on Thursday.
"Anatol was not enabled to perform due diligence in time so
it will not bid for Cinkarna," Propiar said.
Anatol had said last week it plans to launch a takeover bid
for Cinkarna, adding that it was willing to pay up to 246,52
euros per share, which would value Cinkarna at 200.8 million
euros ($237.00 million). urn:newsml:reuters.com:*:nL5N1T64JI
Largest owners of Cinkarna are state companies, which hold
about 46 percent of the firm.
($1 = 0.8472 euros)
(Reporting By Marja Novak, Editing by Sherry Jacob-Phillips)
((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))