Romania's OPCOM electricity spot volumes - Dec 10, 2023
Romania's OPCOM electricity spot prices - Dec 10, 2023
Croatia power consumption - Dec 08, 2023
Serbia power consumption - Dec 08, 2023
Bulgaria power consumption - Dec 08, 2023
Dec 22, 2017 16:03 EEST
December 22 (SeeNews) - Slovenia's government has adopted a decree under which state holding company SDH will transfer equity stakes in three companies, worth some 200 million euro ($237 million), into state ownership free of charge, the country's finance ministry said.
SDH must by December 31 at the latest transfer equity stakes in three blue-chip companies directly into state ownership, the finance ministry said in a statement following a regular session of the government on Thursday.
The companies in question are Slovenia's largest reinsurer Sava Re, fuel retailer Petrol and drug maker Krka.
The transfers are being implemented in line with the amendments to the Slovene Compensation Fund Act adopted by the National Assembly in September.
This is the first stage of the transfer of equity stakes back to the state, the ministry said.
During the second phase - until December 31, 2020 - SDH must transfer the remaining strategic and important investments to the ownership of the state free of charge.
The aim of the transfer, the finance ministry explained, is to reduce SDH's exposures and to consolidate state ownership in strategic and significant investments.
The transfer of ownership of capital investments does not imply changes in governance, as this power remains with SDH.
SDH has the largest portfolio of state capital assets in Slovenia and manages the state’s ownership interests in 98 companies.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options