Three Banks Convert Claims into Stock in MLM Foundry

Maribor, 24 July - The shareholders of Maribor-based MLM foundry decided on Tuesday that the company's debt to three banks be converted into stock. NKBM, Abanka Vipa and Probanka now hold a combined 51% stake in the bank and the foundry's capital stock has increased by EUR 4.35m to a total of EUR 8.7m.

Branko Žerdoner, the boss of MLM foundry, talking to the press after a shareholders' meeting.
Photo: Andreja Seršen Dobaj/STA

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