The Slovenia Times

Vogel ski resort to get snow cannons


The plans were disclosed for the newspaper Delo by Anthony Tomažin, an Australian businessman of Slovenian descent whose company recently increased its stake in the company managing the slopes.
RRC Ljubljana increased its stake in Žičnice Vogel to more than 91% after acquiring 20.4% in a takeover bid for the remaining shares for about EUR 400,000 or EUR 1.98 per share.
Tomažin acquired a majority stake in Žičnice Vogel in the autumn of 2015, when he bought a package of shares representing 50.04% of the company from investment firm KD Kapital. He increased his share later.
In an interview run by Delo on Monday, Tomažin announced that he would now start procedures to squeeze out the remaining small shareholders, and then change the status of Žičnice Vogel from joint-stock to limited responsibility company.
This would simplify decision-making and give the company much need stability as well as ease investment planning. If necessary, Tomažin would add funds for investment.
The businessman is happy that the government has recently confirmed amendments to the law governing the Triglav National Park which would enable the construction of a snowmaking system on Vogel.
The plan is to build two water reservoirs with a capacity of 20,000 cubic metres each. If parliament endorses the bill this year, the first reservoir could be built before the 2018 winter season.
Tomažin said the reservoir would cost between 700,000 and one million euro, with the funding already secured.
After last year's record summer season, the Vogel resort posted another record in July by transporting 38,000 passengers on the cable car up the mountain, 6,000 more than in July 2016.
According to Tomažin, the company's debt has been reduced to EUR 2.8m. If the increase in visitor numbers continues, this will also make investment easier.
Tomažin's company RRC has recently sold its 39% stake in the company operating the ski lifts in Kranjska Gora because of differences with the second major owner Skiways.
Tomažin has also bid to buy the manager of the Krvavec ski slopes above Ljubljana, but said that his offer to pay EUR 3m for the company had been declined.
Unior, the state-owned company selling RTC Krvavec, said the sale process would be completed in September, but would not disclose for Delo who they were in talks with.


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