KD Group, financial company, d.d., Dunajska cesta 63, 1000 Ljubljana, hereby informs the public that it has today resubmitted a non-binding offer to purchase a 50.99 per cent stake in Zavarovalnica Maribor d.d., Maribor (ZM), which is being sold by Nova kreditna banka Maribor d.d., Maribor (NKBM). This announcement has been prepared to provide objective information to investors, as, in accordance with the envisaged sale procedure, the deadline for submitting a binding offer to purchase a stake in ZM expires today, and KD Group wishes to objectively inform investors regarding its participation in the process.
KD Group has once again submitted only a non-binding offer to purchase a 50.99 per cent stake in ZM, as it was unable to obtain sufficient information during the due diligence process to enable it to prepare and submit a binding offer. At the same time, it proposed an extension to the deadline for submitting a binding offer, which would enable it to prepare such an offer once all relevant information had been obtained. By acquiring ZM, KD Group would be pursuing its new strategy of becoming one of the leading insurance groups, with its main market in Slovenia and subsidiaries across the Balkans, whilst also offering high-quality asset management and investment products.
This announcement will also be published on the company’s website,
www.kd-group.com, under ‘Public Announcements’, from 7 November 2012 onwards.
KD Group d.d.
KD Group d.d.
