Slovenian Sovereign Holding

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Slovenian Sovereign Holding dd

Slovenia’s bad bank winding up

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.

Terme Olimia spa triples profit to EUR 4m

Podčetrtek – Terme Olimia, a state-owned spa operator from Podčetrtek in eastern Slovenia, generated EUR 19.7 million in revenue last year, up 18% from 2020, the first Covid year, and tripled its net profit to EUR 3.9 million. The spa that is almost 100% owned by the Slovenian Sovereign Holding recorded almost 292,000 nights in 2021, a 9.2% rise.

Parliament launches inquiry into financing of “party propaganda in media”

Ljubljana – The National Assembly launched on Thursday a parliamentary inquiry into suspicions of illegal financing of “party political propaganda in the media with funds of state-owned companies, state institutions or foreign institutions or entities” targeting media owned by or linked with the SDS.

Bad bank replaces two executive directors

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.

Sava Re shareholders to get EUR 1.50 dividend

Ljubljana – The shareholders of insurance company Sava Re approved the proposal of the management and supervisory boards to distribute EUR 23.3 million from last year’s distributable profit of EUR 37.05 million for dividends. The dividend will amount to EUR 1.50 gross per share, and the rest of the distributable profit will remain unallocated.

Luka Koper shareholders get EUR 1.14 gross per share dividend

Koper – Port operator Luka Koper will pay out dividends of EUR 1.14 gross per share as shareholders on Monday endorsed a counter-proposal by Slovenian Sovereign Holding (SSH). This means that EUR 15.96 million will be paid out for dividends out of the EUR 29.5 million in distributable profit. The remaining EUR 13.6 million in distributable profit will remain undistributed.

Počivalšek to strive to exercise pre-emptive right to Sava

Ljubljana – Economy Minister Zdravko Počivalšek said he would strive for the state to exercise the pre-emptive right to a 43% stake in the tourism company Sava, which the private equity fund York has agreed to sell to Prestige, a company backed by a Hungarian fund. The final decision will be made after talks with the buyer and the relevant state institutions.

Opposition wants parliament to discuss developments at Pošta Slovenije

Ljubljana – The deputy group of the opposition Social Democrats (SD) will request a session of the parliamentary Commission for Public Finance Oversight to discuss management of national postal company Pošta Slovenije. The announcement comes a day after news broke that two management board members and two supervisors had resigned.

HIT posts EUR 10m loss for 2020

Nova Gorica – Slovenia’s largest gaming company HIT, whose facilities were closed for almost six months last year, generated EUR 100.7 million in gross revenue in 2020 and a loss of EUR 10.4 million. The shareholders did not confirm the proposal on the sharing of profit at today’s meeting.