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Delo on Privredna Bank Zagreb's Decision not to Sell Ski Producer Elan

Ljubljana, 13 April - PRESS/ELAN
"Elan's huge potential" convinced its majority owner, Privredna Bank Zagreb, not to sell this Begunje-based ski equipment producer, but to adopt a medium-term plan to restructure it. Yet, Elan's potential has hardly changed since its owner started considering its sale. How can the decision then be understood? The only reason prompting the decision might be that Head and U.S. investment company Advest were only ready to pay a sum that was unacceptable for the bank, according to Delo.

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