The Slovenia Times

Over 15% state-owned stake in Cetis up for sale


Celje - Slovenian Sovereign Holding (SSH) is seeking binding bids for a 15.4% stake in Cetis, a Celje-based company specialised in printing secure documents such as passports. Potential investors have until 9 September at 1pm to send their binding bids for a total of 30,803 Cetis shares owned by SSH and the state-run fund KAD.

Cetis's largest owner is MSIN, a consultancy and investment firm from Ljubljana, which holds 76%.

SSH has been seeking a buyer for the stake co-owned with KAD several times before, the last time in November 2020.

Cetis posted a net profit of nearly EUR 7.2 million in 2021 at group level, up 1.3 million from the year before.

Revenue grew by EUR 10.5 million to EUR 78.3 million, of which more than half was generated abroad.

Cetis bought last year a majority stake in Croatian printing company Neograf, and a 19.3% stake in Zarja Elektronika, a Slovenian maker of advanced printed circuit boards.


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