The company was waiting for the Competition Protection Agency’s decision and for an agreement with creditor banks, however in vain.

The head of the Učila International, Srečko Mrvar, has pointed out that his company cannot go ahead with the purchase if it doesn’t have the consent of the agency.Now the deadline has expired and so has the contract for the purchase of Mladinska knjiga shares. He said that the main reason for the failed deal were creditor banks like Abanka and Nova Ljubljanska banka who are also selling their Mladinska knjiga shares.

The banks have namely not given their consent for the transfer of shares, which should have happened under their credit agreement with Mladinska knjiga.

The sale of shares without the consent of creditor banks would seriously jeopardize the business, because creditors could insist on an immediate repayment of all loans. Mrvar also said it was not in the company’s interest to buy a weakened Mladinska knjiga.