Through the Sarajevo Stock Exchange, the sale of 71.9 percent of shares in the company GP Put in Sarajevo to the investor Balkan Investment Opportunity Fund has been completed, reports Nexe Group.
-This transaction is part of a long-term restructuring plan and a focus on core activities, initiated back in 2011. The core activity of GP Put is civil engineering, and due to the impact of the crisis and reduced activities, the company has been operating under difficult conditions and has represented a significant burden for the other members of the group – the company reports.
-Through this transaction, the Group will significantly reduce financial obligations to secured creditors as well as its financial indebtedness, which will positively affect the implementation of the pre-bankruptcy settlement plan and the settlement of other creditors – they concluded.
