SEE Legal Members Assist NIPPON EXPRESS HOLDINGS, Inc. in Acquiring the Shares of the Multiple Subsidiaries of Cargo-Partner Group Holding AG
May 2023
POLENAK Law Firm, NNDKP, and SELIH & Partnerji were part of the international team of advisors that assisted NIPPON EXPRESS HOLDINGS, Inc., one of the world’s leading logistics companies, in acquiring the shares of the multiple subsidiaries of Cargo-Partner Group Holding AG (Cargo-Partner), which provides global logistics services through its main business sites in Central and Eastern Europe.
POLENAK Law Firm advised Nippon Express Holding Inc. on FDI reporting requirements. The team included Kristijan Polenak, Managing partner, and Tatjana Shishkovska, Partner.
NNDKP advised…
Sale of Livar
March 2023
The owners of Livar, one of the largest Slovenian foundries and the producer of ductile cast iron and mechanical processing, are considering its sale. Livar generated sales revenues of EUR 67 million last year, which represents a 22% growth compared to 2021. In addition to higher product prices, the reorganisation of the sales portfolio and the increase in the share of higher value-added machined castings contributed to this sales growth, Livar explained. Cash flow from operating activities, one of the company's key indicators of how much funds companies have left to repay loans,…
OTP Group Successfully Completes the Acquisition of the Slovenian Nova KBM Group
February 2023
OTP Group announced that it has successfully completed the acquisition of Nova KBM Group from its previous owners – financial funds managed by Apollo Global Management and EBRD – after obtaining all required approvals from the relevant regulatory authorities.
OTP was advised by Selih & partnerji. The cross-practice team was led by partners Natasa Pipan Nahtigal, Mia Kalas, Jera Majzelj, and Spela Remec, covering M&A, competition, and banking regulatory aspects.
The acquisition, the most significant in the history of the OTP Group and one of the largest in Slovenia in…
Novartis Considering Sale or Separation of Sandoz Business
August 2022
In October 2021, Novartis launched a strategic review of the Sandoz division, an important part of which is the Slovenian Lek as a development center.
As Novartis said in the press release, the review will explore all options, ranging from retaining the business to separation, in order to determine how to best maximize value for the shareholders. They will take the time to decide by the end of 2022.
Sandoz is one of the largest generics entities in the world and Novartis’ leading business unit for the development of biosimilar products. It accounts for about 18% of the overall…
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.
