Slovene Steelworks Company Sold to Germany Buyer; Jobs Decisive Element of the Sell

Ljubljana, 6 December - When talks were held on the sell of an 80 percent stake in Armatur Muta, a Slovene Steelworks company, and a foundry at Ravne, the purchase sum of four million D-mark was only one of the key factors influencing the decision to sell it to German company
Krombach. Another decisive element was Krombach's committment to preserve most of the jobs, and invest into the company's development. This was said by Tibor Simonka, a member of Slovene Steelworks management, at a Wednesday press conference. A contract on the sell of Armatur Muta and the foundry was signed on 1 November.