Monday, October 4, 2010

Hypo Alpe Adria Bank, today announced a public auction to sell 328 thousand shares of Mercury

Hypo Alpe Adria Bank, today announced a public auction to sell 328 thousand shares of Mercury, which has set the minimum bid price of EUR 38 million Hypo Alpe Adria Bank International as a lienor in Part Merfin today announced a public auction for the sale of more than 328 thousand shares of Mercury. The public auction for sale 25-percent ownership share will be held at the 15th October.
The Bank raised the starting price to EUR 38 million

The Mercury's managers redemption and confiscation pledged shares of those banks and companies that have made loans for the purchase of Merfinu Mercury and have long been anticipated. Chairman of the Supervisory Board of Merkur Matthew SAP today said that the attachment is via the selling and repurchase. Sam, therefore, expected that the Hypo Alpe Adria Bank International in the next stage itself is a purchaser of such shares and to close their Merfin claims.

















News source: Finance.si link: article

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