Business News

Sellers Seeking Interest in Chemical Company Cinkarna Celje

Celje, 01 October (STA) - A consortium of shareholders of state-owned chemical company Cinkarna Celje published Wednesday a public call for expressions of interest in a 70.79% share in the company, as the privatisation continues in Slovenia.

The interested investors can request the teaser for the stake and more information about Cinkarna Celje from the financial advisor in the sale, DC Advisory.

The call published today in business daily Finance and on the website of the Slovenia Sovereign Holding indicates that the expressions of interest are not binding.

The Celje-based company Cinkarna Celje specialising in production of titanium dioxide pigment and other materials for construction, including zinc, printing plates, glues and elastomer, is the latest from a list of 15 slated for privatisation to go on sale.

Cinkarna currently has annual net revenues in excess of EUR 160m and about 1,000 employees, making it one of the biggest employers in the region around the city of Celje.

It has a dispersed ownership structure, with several state-owned funds, banks and mutual funds holding important stakes.

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