LUKA KOPER, d.d., Koper
Announcement of the acquisition of a stake in a company
We herein inform the interested public that on 13th October 2011 Luka Koper d.d. acquired, through the conversion of granted loans in capital, a 99.96% shareholding in the Murska Sobota-based company Logis Nova d.o.o. which amounts to 1.8 million EUR. Said company holds agricultural land in Beltinci Municipality. In March 2008, the former Management Board of Luka Koper d.d. signed a letter of intent on the construction of a regional distribution centre Panonija near Beltinci and an agreement with a company which implemented activities as to the acquisition of land.
Since this time, the new Management Board of Luka Koper d.d. - which commenced its mandate in mid-2009 - has communicated that there would be no new logistics centre development at Beltinci. Further to this, the acquired land has the status of Grade 1 agricultural land. As a result, and based on a valuation made in late 2010, Luka Koper d.d. has revalued the loans granted for the acquisition to the value and amount disclosed in its 2010 Annual Report.
This information will be available on company's website from 21st October 2011 onwards.
The Management Board