SSH

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.

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 – 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.

Procedures for an initial public offering (IPO) are expected to start in April, after the bank has released audited operating results for 2016.

According to several media reports, NLB and SSH officials will first stop off in the City of London, and then in mid-week visit New York and Boston on the US East Coast.

NKBM bank and flag carrier Adria Airways get new owners

SSH concluded two major sales in 2016, the April sale of NKBM to US private equity fund Apollo and the European Bank for Reconstruction and Development (EBRD) and the March sale of Slovenia's flag carrier Adria Airways to German fund 4K Invest.