Bank Assets Management Company

The Bank Assets Management Company (BAMC), Slovenia’s bad bank, will be wounded up come the new year, less than a decade after playing a key role in a major bank bailout. Its remaining assets, estimated at half a billion euros, will be transferred to Slovenian Sovereign Holding (SSH), the state assets custodian.

Ljubljana – A new autonomous zone has been created in Ljubljana near the Žale cemetery in premises owned by the bad bank but left to decay for several years. The users of what has been named the Participative Ljubljana Autonomous Zone (PLAC) expect they will not have to face police but support in “creating a healthy and open society”.

Ljubljana – The non-executive directors of the Bank Assets Management Company (BAMC) dismissed Andrej Lazar and Kristina Šteblaj from their positions as BAMC executive directors on Monday and appointed Mitja Križaj and Žiga Pfeifer as acting executive directors to replace them. Meanwhile, Matej Pirc remains an executive director.

Ljubljana – Slovenian Sovereign Holding (SSH) has increased the state stake in the spa company Terme Olimia to 98.25% as part of the efforts to create a state hospitality holding.

SSH acquired a further 20.64% stake in Terme Olimia in a public takeover bid that run out on Monday, according to a notice published in the newspaper Delo.

Ljubljana – Slovenia Sovereign Holding (SSH) published a takeover bid for spa operator Terme Olimia on Friday, offering EUR 27.50 per share for a total of just over 158,000 shares. The offer stands until 10 May unless extended, according to the bid published in the newspaper Delo.

Žiri – Alpina, a footwear maker best known for ski and hiking boots, plans to reduce its headcount by more than a tenth at its main production location in Žiri after a dismal year marked by store closures and the long shutdown of ski slopes around Europe.

Ljubljana – The Competition Protection Agency has given the go-ahead for Slovenian Sovereign Holding (SSH) to take over spa operator Terme Olimia in what is seen as a step in the creation of a state hospitality holding.

Ljubljana – Dimitrij Piciga, the former CEO of gaming company hit, has been appointed to join the management board of the Bank Assets Management Company (BAMC) as an executive director to complete the executive team.

Piciga will be joining chief executive director Matej Pirc and executive director Andraž Grum starting on 23 December, BAMC said in a press release on Friday.

The Bank Assets Management Company (DUTB d.d.) owns and sells an extensive portfolio of properties in all segments and different development stages. In continuation, we present some of the most interesting properties for the development of business projects in Slovenia. Also worth mentioning is the possibility of joint project development.