NOVA
Up for sale from BC Partners
Due diligence, which is the process of documenting Nova's assets, liabilities, and sizes, has begun, according to BnB Daily.
Nikos Stathopoulos, BC Partners
The fact that BC Partners has put United Group up for sale (including Greek Nova) is a well-known fact.
However, BnB Daily is finding out that the process of recording the company's assets, liabilities, and sizes—known as due diligence—has started. Something is happening, we are informed, so that the fund is ready to sell when the time is right and a buyer is found! Indeed, with the aim of being more attractive to investors, Nova has made major cuts in all its budgets. According to reports, the cuts being made are working to the detriment of the company itself and its daily operations.
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