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Slovenian Agencies Fail to Find Buyer for Splosna Plovba Stake

March 1 (Bloomberg) -- 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

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