Sava Kranj to Issue a Bid for Terme 3000

Kranj, 5 December - In accordance with the takeover act, the Kranj-based rubber producer Sava has informed the management of the spa resort Terme 3000 in NE Slovenia, the Securities market Agency and the Competition Protection Office of its intention to issue a public bid for the purchase of Terme 3000 shares at SIT 2,200 (EUR 9.31) per share. Sava Kranj is to reveal the details of the offer at a press conference at 1 PM, the company said on Friday.