Viro tvornica secera dionicko drustvo za proizvodnju i trgovinu (ZGSE:VIRO-R-A) denies acquiring a stake in Badel 1862 d.d. (ZGSE:BD62-R-A). Viro said it is not interested in the privatisation of Badel 1862, denying a statement by Slovakia's largest alcoholic drinks maker St. Nicolaus.

Viro is participating in the pre-bankruptcy proceedings for Badel purely as a creditor, it said in a Zagreb bourse filing on November 22, 2016. “In this respect it expects Badel's board members to engage in negotiation with potential strategic partners and creditors with due care and respect for the company's best interests, its shareholders and creditors," VIRO said.