Bad bank cancels Istrabenz, Thermana sale

Ljubljana – The Bank Assets Management Company (BAMC) announced on Friday it had revoked a decision to initiate the sale of two tourism companies, Istrabenz Turizem and Thermana, citing the recent change of the national tourism strategy. The government adopted a new seven-year tourism strategy on 11 May to stipulate that equity stakes in tourism companies in the BAMC portfolio remain in state ownership. Before that, a different government decree was in place that allowed the sale of such assets and BAMC checked with the government twice whether this decree…

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