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Slovenia Business Week no. 32: State Funds Selling Stakes in 84 Companies

Three state-run funds on Friday, 13 October published a call for bids for stakes in 84 companies, including retailer Merkur, newspaper publisher Dnevnik, graphics company Cetis and hotel operator Terme Maribor, in line with the government's strategy to gradually withdraw from active management in companies

Three state-run funds on Friday, 13 October published a call for bids for stakes in 84 companies, including retailer Merkur, newspaper publisher Dnevnik, graphics company Cetis and hotel operator Terme Maribor, in line with the government's strategy to gradually withdraw from active management in companies.

The stakes are being sold by the Pension Fund Management (KAD), Restitution Fund (SOD) and the DSU management and consultancy enterprise, with the deadline for non-binding bids expiring on 13 November.

The biggest company on the list is hardware retailer Merkur, where KAD and SOD hold a combined 23.75% stake.

Merkur spokesman Rok Istenic was unable to say who the potential bidders might be, but he told STA the company wants owners who will endorse the mid-term development strategy.

Other big names on the list include newspaper publisher Dnevnik, hotel chain Terme Maribor, Hoteli Bernardin, furniture makers Marles, Novoles and Svea, as well as the dairy Pomurske mlekarne.

Offers may be submitted by domestic as well as foreign individuals and companies.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency