Slovenian Port of Koper To Buy Three Warehouses for 5.9 Mln Euro

Luka Koper’s supervisory board has endorsed the purchase of the state-owned warehouses, the company said in a statement to the Ljubljana Stock Exchange (LJSE), where its shares are listed.

“By way of this acquisition, Luka Koper shall acquire urgently needed additional storage capacities that will be utilised in the provision of its logistics services,” the statement added.

The supervisory board has concluded that the company's operations in the first three quarters of the year have not been affected by the global financial crisis and that the estimates for the fourth quarter are also relatively favourable, the statement said. The effects of any downturn in world trade are only likely to be perceived in fiscal 2009, it added.

The company said it will release its nine-month financial report next week.

Shares in blue chip Luka Koper sank 6.12% to an average price of 22.38 euro on the LJSE by 1025 GMT on Thursday.

($ = 0.7981 euro)