Tuesday, March 15, 2016
Adria Airways has been officially sold to the German turnaround fund 4K Invest for 100.000 euros. The German company now holds a 96.06% stake in the airline. The initial contract granted the Germans a 91.58% share in Adria, however, following 4K's one million euro capital injection into the carrier last week, the company was granted additional shares. The transaction was completed today, just a day following the carrier's 55th anniversary. Markus Zöllner, Holger Kowarsch, Martin Vorderwülbecke and Steve Röperhave have been named as new members of the airline's Supervisory Board. The Association of Small Shareholders expects for 4K Invest to make a takeover bid for the remaining Adria stock at one euro per share. 4K Invest specialises in acquiring medium and large-sized companies with poor operating performance. It aims to establish real value creation through systematic restructuring. Although it has so far restructured over 200 companies, Adria becomes its first airline venture.
What happens to Mark Anzur, current CEO ?
ReplyDeleteHe'll lose his job.
DeleteThe same should happen to Banjaluka Managing and Supervising Board Members.Those nine guys should get out of the ground handler, as soon as possible.
DeleteUmjesto da na vrijeme zamijene direktore oni prodaju kompanije. Korupcija je čudo! Korupcije ima na svim nivoima na Balkanu a najjača je u polugama države odnosno u vladama.
ReplyDelete