On Wednesday, December 10, the Supervisory Board of Elka accepted the recommendation of the consulting house CAIB on the possible way of Elka’s sale. After a detailed analysis of the possible models of Elka’s sale, CAIB has presented several models to the Supervisory Board, and the accepted model has been the one which detaches the cable production into a new – affiliate company in the 100 % ownership of Elka d.d., which will be offered for sale.

 CAIB has presented several models to the Supervisory Board, and the accepted model has been the one which detaches the cable production into a new – affiliate company in the 100 % ownership of Elka d.d., which will be offered for sale. The issues which CAIB and the Supervisory Board have born in mind in making such recommendation and in its acceptance, were how to achieve the best value for the shareholders, how to satisfy as much as possible the potential buyer, and how to develop additionally the cable operations in case of Elka’s sale. After the Supervisory Board the shareholders Assembly, scheduled for the beginning of February, will decide on the acceptance of such model. Should it be accepted, the new company (ELKA kabeli d.o.o.) will be offered for sale in an expertly conducted international contest.