BAMC says Cimos clients ready to continue with cooperation

"A meeting was held in a very positive atmosphere today between representatives of [state assets custodians] BAMC and SSH and Cimos's clients," BAMC, the Slovenian bad bank, wrote today after it become clear a few days ago that the Italian fund Palladio Finanziaria would not acquire the indebted company.

"We also talked about the current situation and alternative possibilities to keep Cimos going. The business partners confirmed they are ready to continue their cooperation with Cimos," the press release says.

BAMC did not disclose which partners attended the meeting, but unofficially the plan was to talk with representatives of BMW, Audi, Ford HTT, Borg Warner and Bosch Mahle.

However, BMW joined Slovenian Economy Minister Zdravko Počivalšek in rejecting reports it had cancelled its orders with Cimos, although it added for the STA that it was following...