The Slovenia Times

Helios Sellers Receive EUR 105.9M from Austrian Buyer

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The consortium of six banks (NLB, Abanka, NKBM, Banka Celje, Gorenjska banka, Probanka), two insurers (Zavarovalnica Triglav, Modra zavarovalnica) and five funds (SOD, Triglav skladi, NFD, Primorski skladi, KBM Infond), received EUR 520 per share.

The Vienna-based Ring International, whose main activity is the production of office supplies and industrial coatings, signed the deal on the purchase of the 73.12% stake in Helios in October 2013.

The Austrian group is to publish a takeover bid for the remaining 26.88% stake in the Domžale-based company on Friday, according to the business daily Finance.

The agreed price per share means that Helios is worth a total of EUR 250m, of which EUR 145m is the value of the equity capital, while the remaining amount is the company's debt as at the end of the first half of 2013.

The Ring International holding already owns a company in Slovenia, having acquired the Železniki-based metal stationary products manufacturer Niko in 2008.

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