13 December 2019
  • 09:42 The essence of fashion is to be worn
  • 09:29 Hot topics: Slovenian government passes budget for next 2 years; Kurti secures majority to form government; Over 20,000 teachers go on strike in Zagreb; Montenegro and Italy switch on undersea power cable
  • 09:12 EU membership is a distancing target
  • 14:31 Top events in December
  • 10:29 Top events in November

Slovenia has received three binding bids for the 100% stake in state-owned lender Abanka, including an offer from Serbia’s AIK Banka, Slovenia’s daily Finance reports. Other bidders include Hungary’s OTP Group and US investment fund Apollo. The deadline for placing binding bids expired on March 19. Apollo already owns Slovenia’s second largest bank, Nova KBM while this week AIK Bank completed the acquisition of Gorenjska banka, acquiring 90.11% ownership stake. Currently, Gorenjska banka has a 5% market share in Slovenia. The bidders’ offers remain unknown. The book value of Abanka’s share at the end of September last year (the last officially published data on business) amounted to EUR 37.83. The bank’s total capital based on the book value is just over EUR 571m. In 2013, the Slovenian government had to recapitalise Abanka with EUR 348m, becoming its sole owner. Slovenia’s state holding company (SDH) initiated the sale of the bank back in October last year.

China’s bus manufacturer to make e-buses in Serbia 

Yinlong Group, Chinese bus manufacturer plans to start making electric buses at Ikarbus factory in Serbia, Aleksandar Vicentić, the managing director of Ikarbus, said on Friday. The company is in the process of acquiring 51% of Ikarbus through its subsidiary Lanzhou Guangdong New Energy Automobile (LGNEA). Dragan Stevanović, state secretary at the economy ministry, said on Thursday that Yinlong Group has repaid the outstanding debt of Ikarbus and will soon take control of the company. Ikarbus operates a factory in Belgrade’s urban municipality of Zemun with a manufacturing capacity of 250 vehicles per year. The company currently produces low-floor and articulated city buses, as well as intercity buses.

Adriatic Journal

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