Slovenia seeks buyer for stake in metals firm Cinkarna

Cinkarna Celje dd

01/10/2014 07:37

LJUBLJANA, Oct 1 (Reuters) - Slovenia is looking for a buyer 
for a 70.8 percent stake in metal products maker Cinkarna Celje 
 CICJ.LJ , the state investment fund SDH said on Wednesday. 
    It said non-binding bids are expected by November 14. 
Slovenia had mandated Daiwa Corporate Advisory as a financial 
advisor in the sale in April.  
    The state and its firms control about 52 percent of 
Cinkarna, while the rest owned by private investors. 
    Cinkarna, which has market capitalisation of 167.8 million 
euros ($211.80 mln), is one of 15 firms that the government 
earmarked for privatisation last year. So far three have been 
sold. 
    The new centre-left cabinet of Prime Minister Miro Cerar, 
which was sworn in earlier this month, has pledged to continue 
privatisation. 
(1 US dollar = 0.7923 euro) 
 
 (Reporting By Marja Novak, editing by Louise Heavens) 
 ((Marja.Novak@thomsonreuters.com; +386-8-205-6369; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA PRIVATISATION/