Slovenian Agencies Fail to Find Buyer for Splosna Plovba Stake

Slovenia’s Kapitalska druzba d.d. and Slovenska odskodninska druzba d.d. failed to find a buyer for a 25 percent holding in Splosna Plovba d.o.o., the country’s shipping company that is majority owned by Germany’s Peter Doehle Schiffarts KG.

The two state-owned agencies, which were seeking bids in excess of 60 million euros ($80 million), said today in an e- mailed statement from Ljubljana that Slovenska odskodninska druzba must sell its holding by the end of the year to finance liabilities.

The agencies said they set up a sell option for the stake in 2007, when Peter Doehle bought a 28.6 percent holding in Splosna Plovba, based in the coastal town of Portoroz.

To contact the reporter on this story: Boris Cerni in Ljubljana at bcerni@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.