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Slovenia Business Week no. 38: State Fund Offloaded 40 Ownership Stakes since 2006

Its financial investment now stands at SIT 326.4bn (EUR 1.36bn)

The Pension Fund Management (KAD), a state-run fund, offloaded SIT 10bn (EUR 41.73m) in shares in companies in 2006. Its financial investment now stands at SIT 326.4bn (EUR 1.36bn). The data was reviewed by KAD supervisors at their session in Ljubljana on Monday, 20 November.

A third offering of stakes, (KAD), Restitution Fund (SOD), another state-run fund, and the DSU management and consultancy enterprise, meanwhile resulted in 71 acquisition offers, for state's stakes in 84 companies.

The offering was published in early October and includes retailer Merkur, newspaper publisher Dnevnik, graphics company Cetis and hotel operator Terme Maribor.

The supervisors also agreed that KAD's operations were successful in line with plans in the first nine months of 2006.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency