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Nov 29, 2017 11:11 EEST
LJUBLJANA (Slovenia), November 29 (SeeNews) – Slovenian home appliances manufacturer Gorenje [LJE:GRVG] said on Wednesday it has appointed Rothschild S.p.A., Italy, as its financial advisor in its search for a strategic partner.
The Ljubljana-based law firm Jadek & Pensa has been appointed to deliver legal support in the process.
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Activities are expected to be completed by the end of the third quarter of 2018, Gorenje said in a filing to the Ljubljana Stock Exchange.
On November 9, Gorenje said it is embarking on an active search of a suitable strategic partner which could also join the company's ownership structure.
Gorenje hopes that with the help of a strategic partner it can pursue the growth of business, strengthen brand power, access prime distribution channels, accelerate product innovation and business digitalisation, it said earlier.
In November last year, Japan's Panasonic decided not to increase its stake of 10.74% in Gorenje.
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