Business News

Nine Potential Buyers Express Interest in Delo's Vecer Stake

Ljubljana, 02 April (STA) - A total of nine potential buyers have expressed interest in the 75% stake in newspaper publisher Vecer that is being sold by its rival Delo. The interested parties have until 10 May to put forward unbinding bids, Delo said on Friday.

"We are happy with the interest expressed in the first phase," Delo chairman Jurij Giacomelli told the STA. He explained that all interested parties came from the EU, while not excluding the possibility that they will be joined by additional bidders.

Giacomelli explained that Vecer's workers were also among those expressing interest, but would not comment on the remaining bidders.

The only companies to publicly confirm their interest so far are DZS, the majority owner of rival Dnevnik, and media marketing company Medijski partner.

The Competition Protection Office ordered Delo in September 2009 to sell 75% of its 79.24% stake in Vecer, finding the ownership not to be compatible with competition regulations.

The watchdog established the concentration between two publishers restricted efficient competition on the market of general daily news in Slovenia.

The office left it up to Delo to choose the buyer and the manner of sale, but said the disposal of the stake must be irreversible, which means the seller cannot negotiate a buyback option.

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