News

Slovenian pigskin maker to be sold

08/06/2004

Slovenian pigskin maker IUV looks set to be sold for $2.3 million, the purchaser being US company, Eline Entertainment Group.

 

In a statement, Eline described the purchase as being consistent with its strategy to acquire undervalued businesses operating in traditional industries and will involve the company taking a majority stake in fellow US company Paolo Nevada Inc., which is itself negotiating a 51% stake in IUV from the Slovenian government.

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