Beer tender

Mon, 04/05/2015

Slovenia is moving forward with its privatisation process. Heineken took over 51.11% of Pivovarna Laško. By Vanda Močnik Kohek, GSS Slovenia                              

 

A consortium of sellers, comprising the government-owned Bank Asset Management Company (DUTB) and other creditors, sold a 51.11 % stake in the listed brewery company Pivovarne Laško to Heineken. The agreed price is EUR 25.56 per share, bringing the total value of the deal to EUR 114.3 million.

The deal is subject to approval by the Slovene Competition Protection Agency, and in due course, Heineken will be obliged by law to bid for the entire company.

Below we have listed the current status of the privatisation process in Slovenia*. Out of 15 companies that have been approved for privatisation by the Slovene Parliament in 2013, six are currently being worked on.  

Company

Industry

Status

Adria Airways

Aircraft carrier

In progress, contract of mandate
signed with financial advisor
of KPMG in mid-March 2015.

Aero

Chemical, graphic and   paper manufactory

Bankruptcy

Elan

Sport equipment   manufactory

In progress

Fotona

Laser producer

Sold

Helios

Chemistry

Sold

Airport Ljubljana

Airport

Sold

Adria Tehnika

Flight service

Not started

Nova KBM

Bank

Binding offers received in second
half of January 2015. Negotiations
with potential buyers in progress.

Telekom Slovenije

Telecommunications

One binding offer received on 13
April 2015. Negotiations with
potential buyer will start soon.

Cinkarna Celje

Chemistry

In process or receiving binding offers.
Negotiations with potential buyers
in progress.

Gospodarsko rastavišče

Exhibition and   Convention Centre

Not started

Paloma

Paper manufactory

Not started

Terme Olimia Bazeni

Spa

Not started

Unior

Hand tools producer

Not started

Žito

Food production

Binding offers   received at the end of January 2015. Negotiations with potential buyers in progress.

*Source: SDH