UBIG offered 32.46 million kuna for 1.47 million shares making up 80.2 percent of TLM's capital stock, which were initially offered for sale at a price of one kuna. The company also offered to keep all 1,400 current workers and employ 140 new ones over a three-year period, respect the collective agreement, and invest 103 million euros in the next three years.
The Ukrainian company also offered to take over TLM's liabilities amounting to 550 million kuna. At the end of September last year, the value of those liabilities was 1.15 billion kuna, almost the same as the company's assets.
The Croatian-Bosnian consortium, comprising Dalekovod, Konstruktor Inzenjering, Zagreb Montaza, Aluflex Pack, and Feal from Bosnia-Herzegovina, offered to buy state-owned shares for one kuna, keep all current workers and employ new ones, and invest 107 million euros over a period of three years.
The consortium offered a 99 percent discount for claims from state creditors, except for claims from the Croatian Bank for Reconstruction and
Development, which the consortium is willing to pay to the amount of up to 10 million euros. The consortium is willing to pay all other short-term liabilities from usual business activities.