User name
Password

Don't have a user name yet?
Register here.

Help

Likely Wednesday Signing of Contract for TAM Sale

Maribor, 28 December - In accordance with the decision of the bankruptcy senate on the sale of the assets of bankrupt vehicle manufacturer TAM to a consortium of buyers sponsored by the Slovene Development Corporation (SRD), the bankruptcy director, Mirko Zagar, must by Wednesday 29 December sign a sales contract with the buyers in the value of SIT 9.4 billion (euro 47.7 million). The consortium must also pay the allocated 10-percent deposit by 29 December, which means that they have to add SIT 240 million to the SIT 700 million which is already on TAM's account as security.

The rest of this news item is available to subscribers.
The news item consists of 886 characters (without spaces) or 186 words words.

Buy the news item. Price: 2 tokens; on account: 0 tokens.

gj/gj
© STA, 1999