LJUBLJANA Dec 20 Slovenia's privatisation
agency Slovenian Sovereign Holding (SDH) said on Tuesday that
state-owned hosiery maker Polzela, which was put up for sale in
October, will file for bankruptcy.
During the bankruptcy process SDH will continue to try to
sell parts of the loss-making company, which employs about 220
people, after no bidders emerged.
"The company is insolvent ... so its management will file
for bankruptcy," SDH said in a statement.
Polzela is one of about 30 companies the government wants to
fully or partially sell off as part of its economic reforms.
(Reporting By Marja Novak; Editing by Greg Mahlich)