The Slovenia Times

Freight Shipping Company on Sale


The call for bids for KAD's 5.25% stake and SOD's 19.8% stake in the company was published on SOD's web site on Friday. Bids for the purchase of the entire stake are expected by 13 February noon. The opening of the bids will not be public.

In mid-November another owner of Splosna plovba, Unicredit banka Slovenije, a member of Italy's Unicredit Group, published a call for bids for its 19% stake. The minimum bidding price was set at EUR 6.8m.

Despite a falling trend in transported goods, Splosna plovba's revenues increased by 25% in 2010 over 2009 to EUR 168.9m, according to the unaudited results the company published in March 2011. The group's net profit was up by EUR 11m to EUR 35.3m.

The biggest owner of the company is German shipping magnate Peter Doehle, who holds 49.65% of Splosna plovba.


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