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Govt Moves to Curb Management Buyouts

Ljubljana, 28 November - In what looks like bid to put a brake on management buyouts, the government adopted on Wednesday changes to the takeovers act which introduce a ban on securing bank guaranties for a takeover with the shares of the target company. Similarly, the changes to the banking act propose that the shares of the target company could no longer be used to insure a loan.

Ljubljana
State Secretary at the Economy Ministry Andrej Sircelj speaking to the press after a session of the cabinet.
Photo: Stanko Gruden/STA

Ljubljana
Economy Ministry state secretaries Andrej Sircelj (left) and Tomaz Jersic (right speaking to the press after a session of the cabinet.).
Photo: Stanko Gruden/STA

Ljubljana
Government spokesman Valentik Hajdinjak (left) and Economy Ministry state secretaries Andrej Sircelj (central) and Tomaz Jersic (right) speaking to the press after a session of the cabinet..
Photo: Stanko Gruden/STA

Ljubljana
Government spokesman Valentik Hajdinjak (left) and Economy Ministry state secretaries Andrej Sircelj (central) and Tomaz Jersic (right) speaking to the press after a session of the cabinet..
Photo: Stanko Gruden/STA

Ljubljana
State Secretary at the Economy Ministry Andrej Sircelj speaking to the press after a session of the cabinet.
Photo: Stanko Gruden/STA

Ljubljana
Economy Ministry state secretaries Andrej Sircelj (left) and Tomaz Jersic (right) speaking to the press after a session of the cabinet..
Photo: Stanko Gruden/STA

Ljubljana
State Secretary at the Economy Ministry Andrej Sircelj speaking to the press after a session of the cabinet.
Photo: Stanko Gruden/STA

Ljubljana
State Secretary at the Economy Ministry Tomaz Jersic speaking to the press after a session of the cabinet.
Photo: Stanko Gruden/STA

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