Potential Sale of Share in Cinkarna Celje
Potential Sale of Share in Cinkarna Celje
August 2022
It is expected that the Slovenian Bank Assets Management Company will soon attempt to sell their almost 13 % share in CINKARNA, Metalursko-kemicna Industrija Celje, d.d., a titanium dioxide pigment manufacturer and one of the largest chemical-processing companies in Slovenia.
Cinkarna was included in the list of companies for privatisation as early as 2013, and several attempts to sell the share have been made since – the last one about a year ago.
In September 2021, the estimated net profit for 2021 was EUR 27.1 million.
For 2022, Cinkarna plans EUR 204 million in sales revenue. Net profit is expected to be approx. 26% lower than in 2021 due to the decline in prices of titanium dioxide pigment and increase in prices of strategic raw materials and energy products.
Beginning of august, the management board of the Bank Assets Management Company (BAMC) suspended the sale of the Cinkarna Celje share package. According to the Board, the time is not right for a sale.
August 2022
It is expected that the Slovenian Bank Assets Management Company will soon attempt to sell their almost 13 % share in CINKARNA, Metalursko-kemicna Industrija Celje, d.d., a titanium dioxide pigment manufacturer and one of the largest chemical-processing companies in Slovenia.
Cinkarna was included in the list of companies for privatisation as early as 2013, and several attempts to sell the share have been made since – the last one about a year ago.
In September 2021, the estimated net profit for 2021 was EUR 27.1 million.
For 2022, Cinkarna plans EUR 204 million in sales revenue. Net profit is expected to be approx. 26% lower than in 2021 due to the decline in prices of titanium dioxide pigment and increase in prices of strategic raw materials and energy products.
Beginning of august, the management board of the Bank Assets Management Company (BAMC) suspended the sale of the Cinkarna Celje share package. According to the Board, the time is not right for a sale.
