British investment fund to recapitalise Varteks

Croatian fashion company Varteks has accepted a proposal for recapitalisation lodged by UK-based private investment company Valtegra, which is expected to invest HRK37.2m (US$5.9m).

Valtegra is set to buy 2.1m new shares in Varteks at HRK17.7 (US$2.81) each. According to local media reports, Valtegra will own a 48.6% stake in the Croatian company.

For the full story, see the September 2017 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE

Posted by Geoff Fisher on 5 September 2017



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