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TAM and MTI Evropa Fail to Sign Sales Contract

Maribor, 1 March - Maribor-based MTI Evropa did not sign a sales contract to purchase TAM, a vehicle manufacturer in receivership, on Monday, 1 March, the deadline for signing the contract. According to Mirko Zagar, TAM trustee in bankruptcy, the contract has not been signed because MTI Evropa failed to pay a deposit of SIT 1.05 billion, one tenth of the contract's worth.

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