The consortium of sellers of 51% share of the Žito company has not disclosed information on possible buyers. Foto: BoBo
The consortium of sellers of 51% share of the Žito company has not disclosed information on possible buyers. Foto: BoBo

The end of January was the closing date for submission of bids for purchase of 183,386 shares of the Žito company, representing 51.55% share of the company's basic capital. The consortium of sellers has received a number of binding bids, but they refuse to disclose their contents. These are considered a business secret, the disclosure of which could have a negative influence on the success of the sale, was announced by the Slovenia Sovereing Holding representing the consortium of sellers.

The other members of the consortium, besides the Slovenia Sovereign Holding, are Modra zavarovalnica, KD Kapital, KD Skladi, Adriatic Slovenica and NLB Skladi. The sale process will continue according to the previously agreed timeline.

The Žito company is one of the largest food producers in the southeastern Europe. The value of the company is estimated to almost 43 mil. euros. According to unofficial information, in the first phase of the sale nonbinding bids for purchase of Žito were submitted by the Croation companies Franck and Podravka.