Adria Mobil, a Novo mesto-based company, said in a press release on Friday that the acquisition was complete as Trigano had completed its takeover of Protej.

Protej, which also owns several car dealerships and a hotel chain in Ljubljana, had been in exclusive talks with Trigano since January.

With more than 20 brands and 7,000 employees, Trigano is one of the biggest groups in the recreational vehicle industry, Adria Mobile said, adding that all approvals from regulatory bodies had been obtained.

The press release also said that Adria Mobil had now entered a stable, strategic ownership structure, as part of which it would be able to pursue the set strategic goals of long-term development and growth.

Belonging to this contest is preserving the long-term tradition of the Adria brand and keeping the operations of Adria Mobil and its business model independent.

The business newspaper Finance has recently reported that Trigano paid around EUR 200m for Protej. Meanwhile, the newspaper Dnevnik reported that the long-time Adria Mobil director general Sonja Gole would remain at the helm after the French takeover.

According to Gole, Adria Mobil is financially stable and posts annual net sales revenues of more than EUR 300m. It employs more than 1,500 people and is one of Slovenia's biggest exporters.

Protej became the sole shareholder of ACH, the tourism-to-automotive holding, after small shareholders were squeezed out in April in advance of the sale of Adria Mobil as its flagship asset.

It was reported at the time that Trigano was only interested in Adria Mobil, and that after it took over Protej, the remaining assets would be divided among the main protagonists at ACH.

The remaining car division, which comprises several car dealerships in Slovenia and the Balkans, is to be spun off to a new company under the control of ACH general director Rasto Oderlap.

The hotel division, which includes three major hotels in Ljubljana, is to be brought under the control of former ACH boss Herman Rigelnik, Dnevnik reported.