Four candidates for recapitalization of Slovenia's Peko

Four candidates have been shortlisted for the recapitalization of Slovenia's Peko: Kopitarna, a consortium comprising Evro Poti and Italy's ALM and EBE Group, Proexim and Sim Coprom from Bosnia-Herzegovina, Dnevnik daily reports.

After the state recapitalized Peko with EUR 6 million in late 2011, this footwear manufacturer is now obliged to find a strategic partner until the end of February to invest EUR 1.2 million in the company, that is, 20% of the state-owned stake.

If that fails to happen, the state's financial injection will be deemed a forbidden assistance by the government, and Peko will have to return the received funds and may even face bankruptcy.