After long-lasting and hard discussions among coalition parties, the government finally presented a draft proposal of the decree which will define future management of state equity assets. The criteria and goals for management of state equity assets were devised using the analysis of current state investments and a comparison of state ownership in Slovenia with that of other OECD countries.
Increased profitability is one of the most important goals. The arrangement of state ownership in Slovenia’s various industries is comparable with other OECD countries with transport, finance and energy prevailing. The share of state ownership in Slovenia is one of the highest in Europe.
State investments are classified as “strategic” (24 companies), “important” (21 companies) and “portfolio investment” (46 companies). In strategic companies, the state is obliged to keep or gain at least 50% and 1 share stake. Nine companies from the energy sector (LjSE prime market -Petrol), 7 from transport (LjSE prime market –Luka Koper), the biggest Slovene insurance company Triglav, 1 bank (SID), 2 state funds and 4 other companies which aren’t listed on LjSE are classified as strategic.
The state will keep a controlling share of 25% and 1 share in important investments. The biggest Slovene bank Nova LB and companies from the prime market: Gorenje, Krka, Petrol and Pozavarovalnica Sava are classified as important. In portfolio investment companies, the state isn’t obliged to keep its share and would be fully available for sale.
Contact:
Vanda Močnik Kohek
Senior Relationship Manager
Global Securities Services Slovenia
vanda.mocnik@unicreditgroup.si