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Slovenia's SIJ to borrow 1.5 mln euro from majority shareholder

Author Radomir Ralev
Slovenia's SIJ to borrow 1.5 mln euro from majority shareholder Author: SIJ. License: All rights reserved.

LJUBLJANA (Slovenia), February 9 (SeeNews) – Slovenian steel producer Slovenska Industrija Jekla (SIJ) said it has signed an agreement to receive a 1.5 million euro ($1.8 million) loan from its majority shareholder Dilon.

The loan will mature on December 31, 2021, SIJ said in a filing with the Ljubljana Stock Exchange on Monday, without disclosing the purpose of the borrowing.

As of June 2020, Ljubljana-based Dilon controlled some 72.22% of SIJ, followed by the Slovenian government with 25% and the company itself with 2.77%, SIJ data showed.

SIJ is the largest vertically integrated metallurgical group in Slovenia. Its products hold leading positions on European and global niche steel markets.

($ = 0.826513 euro)

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