The Slovenia Times

Ski Infrastructure on Slovenia's Highest Resort on Auction


Two investors are said to be eyeing the infrastructure on Slovenia's highest ski slopes, with one of them signing a lease for the real estate surrounding the Kanin ski slopes earlier this week.

The ATC Kanin assets are being sold as a whole in a Dutch auction, where the initial price will be lowered gradually until a buyer comes forward.

The Russian investor which only last week rented the facilities around Kanin did so with a view of participating in the auction, Bovec Mayor Siniša Germovšek told the STA.

The municipality of Bovec, which owns the Kanin slopes, is hoping that serious investors will turn up, since the ski centre needs to be refurbished and upgraded.

The ski centre has never been fully completed and has been in financial trouble ever since it was opened 40 years ago.

It is estimated that around EUR 10 million would be needed to renovate it in order to make it fully operational.

ATC Kanin took a big hit in the 2012/2013 season when two empty cable cars plunged to the ground in an accident that was blamed on gusts of wind.

Germovšek remains upbeat about prospects for the sale, saying that after hearing some good ideas from the potential Russian investors, he decide to fully support their investment.


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