Brazilian takeover of "Cimos" company – Slovenian authorities need to reply

Brazilian company "Alejandro E. Branger & Associates" tends to take over "Cimos" company, as "Finance" writes.

- Considering our interest for "Cimos", we have sent the inquiry to DUTB (Association for Account Receivable Management) and we are waiting for a reply. Our aim is to provide "Cimos" an experienced president of the Board and, together with special American funds, to make the company a market leader – said Alejandro E. Branger from

However, "Cimos" is not currently on sale, say in DUTB. Twenty days ago bank creditors, purchasers and the management of "Cimos" agreed on short-term financing to help "Cimos" continue its production.

Forced settlement process will be necessary in Slovenia, Croatia, BiH and Serbia. "Cimos" has EUR 350 million debt and employs about 7,000 people.