Sale of a 29.253% Shareholding in Štore Steel d.o.o., Štore, Slovenia

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Steel Production

Sale of a 29.253% Shareholding in Štore Steel d.o.o., Štore, Slovenia

April 2023

The seller is UNIOR d.d. Štore Steel’s revenues increased from EUR 145 million last year to EUR 190 million, while EBITDA increased from EUR 12.5 million to EUR 18 million and net profit from EUR 5.9 million to EUR 10.5 million. Currently, the company is in the middle of the largest investment in its history of EUR 24 million in a new secondary metallurgy centre. The investment will enable the company to produce a cleaner, high-strength steel as well as stainless and some tool steel. In addition to this investment, in the spring, the company is planning a new line for upgraded steel, which has a higher added value than the plant’s standard programme.

April 2023

The seller is UNIOR d.d. Štore Steel’s revenues increased from EUR 145 million last year to EUR 190 million, while EBITDA increased from EUR 12.5 million to EUR 18 million and net profit from EUR 5.9 million to EUR 10.5 million. Currently, the company is in the middle of the largest investment in its history of EUR 24 million in a new secondary metallurgy centre. The investment will enable the company to produce a cleaner, high-strength steel as well as stainless and some tool steel. In addition to this investment, in the spring, the company is planning a new line for upgraded steel, which has a higher added value than the plant’s standard programme.