Possible Regional Connections of the Energy Exchange

August 2022 The Slovenian energy exchange BSP Southpool is considering connecting with foreign energy exchanges and creating a regional exchange. It has been reported that serious negotiations are underway to connect with the Serbian SEEPEX energy exchange. BSP has 33 members – Slovenian and foreign companies engaged in the sale of electricity. The energy exchange allows members to trade day-ahead and intraday, on clearing and long-term auctions. It issues the Slovenian Electric Stock Exchange Index (SIPX), which reports the hourly index of electricity on the electricity exchange market in…

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.…

Sale of MARIBORSKA LIVARNA MARIBOR d.d.

August 2022 The Bank Assets Management Company (BAMC) is selling a 100% equity stake together with its claims (EUR 9 million) towards the company MARIBORSKA LIVARNA MARIBOR d.d. (MLM). MLM is a manufacturer of different tools and mechanical-treated aluminum die-castings designed for the automotive, electrical, and machine industry. In 2020, the company had 398 employees and generated EUR 30.5 million in revenues (a quarter less than in 2019) and a net loss of EUR 2 million (a loss of EUR 600 thousand a year earlier). Six bidders were allegedly invited to the second round, including funds and…

Water Bottling Company Costella for Sale

June 2022 The Swiss company Agrokor, which is in liquidation, is selling the Costella natural mineral water bottling company along with its water bottling plant near the town of Kostel in southern Slovenia. The company’s most asset is the concession for water extraction of 250 million liters of water per year from the primeval forest. The concession is valid until 2035 and can be extended. For the company to be able to extract so much water, additional investment in production would be required. The company currently employs only eight employees and extracts 12 million liters a year. In 2020,…

Sale of Several Tourism Facilities

May 2022 Sava Turizem Sava Turizem d.d. and its umbrella brand Sava Hotels & Resorts is the largest Slovenian tourism company in Slovenia that operates 7 destinations: Sava Hotels Bled Terme 3000 – Moravske Toplice Terme Ptuj Zdravilišče Radenci Hoteli Bernardin Portorož  Salinera Resort Strunjan San Simon Resort Izola(under management)  The largest owners of the Sava Group are the financial fund York Global Finance Offshore, which had a 43.23% share at the end of 2020, followed by the state-run fund KAD with 28.05% and the state’s capital assets manager Slovenian…

Sale of 100% Equity and 28 Million EUR of Claims Towards the Company Alpina

May 2022 The Bank Assets Management Company (BAMC) has been selling 100% equity and all its claims (EUR 28 million) towards the company Alpina. Alpina is a sports and fashion footwear manufacturer, globally best known as the first choice of Olympic and World Cup winners in cross-country skiing races. BAMC became the sole owner of Alpina in 2015 after the conversion of receivables into capital, the expropriation of the previous owner of Alpina holding, and finalised compulsory settlement. BAMC stated that they believe that they have done everything to rehabilitate and stabilize the business…

Electricity Trader E.ON Ljubljana Possibly for Sale

May 2022 It has been unofficially reported that the German energy group E.ON is planning to sell E.ON Ljubljana. Although they had big plans in Slovenia, they did not succeed in gaining market share in Slovenia, and today E.ON is among the seven electricity sellers, which jointly have only a 5.2% market share in the sale of electricity to end customers. Ljubljana's E.ON is owned by the Zagreb-based E.ON company and has not made a profit since 2014 when it started operations. In 2020, it had EUR 12.5 million in sales revenue and an almost positive EBITDA. At the end of April 2022, the company…
, ,

Greiner Packaging acquires 100% shares in Termoplast Grupa

April 2022 Greiner Packaging International GmbH, an international group with 692m EUR sales revenues and over 4,900 employees worldwide, has acquired 100% of shares in Termoplast Grupa. Termoplast Grupa is the 49% shareholder of Greiner Packaging Slovenia, the leading producer of plastic packaging solutions in the SEE region that has two production plants located in Serbia. Three SEE Legal member firms advised Termoplast Grupa on the transaction - BDK Advokati, Divjak Topic Bahtijarevic & Krka Law Firm, and SELIH & PARTNERJI Law Firm. 

NLB Group Selling NLB Skladi

The largest Slovenian banking group has decided to sell one of its most profitable businesses NLB Skladi, which manages assets in funds and individual management.

Possible Sale of Telekom

January 2022 There have been several attempts to sell the state’s share in the telecommunications operator Telekom Slovenije, but they have all fallen through and the state still owns a 73.5% share of the company. The Annual Capital Assets Management Plan for 2022, recently prepared by the state’s capital assets manager Slovenian Sovereign Holding (SSH) and sent to the government for approval, mentions the adoption of a decision regarding the capital investment in Telekom among the most important activities in 2022. It also plans to conduct an analysis of the industry, the competition, possible…

Javna Razsvetljava d.d. Possibly for Sale

January 2022 According to unofficial data, the Chinese financial fund CEE Equity Partners is preparing to sell Javna Razsvetljava d.d., the largest Slovenian company engaged in outdoor lighting and traffic signs. The subject of the sale is the business, but not the real estate, which is spread over more than two hectares in Ljubljana. CEE Equity Partners fund whose ultimate owner is the Chinese state-owned bank Exim Bank of China took over Javna Razsvetljava in early 2017 and controls it through the Cypriot company Frozaria Limited. In 2020, Javna Razsvetljava d.d. had EUR 14.18 million in…

Sava Turizem is Selling Several Building Plots at the Slovenian Coast

January 2022 Sava Turizem has published tenders for the sale of several building land plots in the Piran and Portoroz area with a total of more than 21,000 square meters of land at an informative price of EUR 3.845 million. Plot 1: 7,500 sqm, informative price EUR 1.4 million Plot 2: 8,552 sqm, informative price EUR 1.02 million Plot 3: 152 sqm, informative price EUR 20,000 Plot 4: 5,075 sqm, informative price EUR 1.455. The deadline for submitting non-binding bids is 25 February 2022.