State-Run Funds Continue to Divest, Selling Stakes in 10 Firms
Ljubljana, 16 February
The state-run funds KAD and SOD on Friday published an invitation for bids for their shares in ten companies, among them Iskra Avtoelektrika, a maker of electronic components for the car industry, Domel, a maker of electromotors and household apliances, and shipping company Splosna Plovba.
KAD and SOD were joined in the sale of their stake in Iskra Avtoelektrika by insurance company Zavarovalnica Triglav and its investment arm Triglav DZU. The combined stake offered for sale is 26.94%. The stake in Domel, offered by KAD, SOD, investment company Poteza Nalozbe and IMP Promont, is 47.83%. A combined 24.71% stake in Salus, a wholesaler of drugs and medical instruments, is being sold by KAD, SOD, Poteza Nalozbe and mutual funds KD Galileo, KD ID, Skala, Infond Delniski, Moja nalozba, Zvon ena ID and KD Rastko. KAD and SOD are also selling a 29.65% shareholding in Splosna plovba. Only bids for the entire stakes will be accepted. Bidding is open to Slovenian and foreign persons and companies and closes on 3 April.