July 17 (SeeNews) - Slovenian sovereign holding company SDH, which is coordinating the privatisation process in the country, is expected to buy out the holdings of lender Nova Kreditna Banka Maribor (NKBM) in hotel operator Terme Olimia, local media reported.
The potential acquisition of NKBM's 20.9% stake in Terme Olimpia by SDH would help Slovenia make a step forward in the planned creation of a state tourism fund bringing together the state-owned hotel and tourism operators in the country, news daily Dnevnik reported on Tuesday, quoting unofficial information.
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SDH will allegedly allocate 4.0 million euro ($4.5 million) for the purchase of NKBM's stake, the report said.
State-owned pension fund management company Kapitalska Druzba is the largest single shareholder in Terme Olimia with a 24.8% stake, followed by railways operator Slovenske Zeleznice with 23.9% and NKBM. The remainder belongs to smaller shareholders, one of which is SDH with a 4% stake.
Terme Olimia has not yet published its 2018 financial statement. Its net profit halved to 756,600 euro in 2017 from 1.5 million euro in 2016.
($=0.8916 euro)
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