LJUBLJANA, Dec 19 (Reuters) - Slovenian metal products maker
Unior UKIG.LJ , which is due to be privatised, has received a
loan of 112.8 million euros ($118 million) from a syndicate of
banks, the company said on Monday.
"With the syndicated loan we repaid old loans, reduced the
number of bank creditors ... improved conditions and opened a
possibility for further growth of the company," Unior's CEO
Darko Hrastnik said in a statement.
Shares in Unior, which has market capitalisation of about 50
million euros, jumped 7.5 percent to 18.8 euros by 1245 GMT,
outperforming the blue-chip SBI index .SBITOP which was 1
percent lower.
The loan was organised by Slovenia's largest lender,
state-owned Nova Ljubljanska Banka (NLB).
The five other banks in the syndicate were Slovenia's Abanka
and Gorenjska banka, Nova KBM, which is owned by U.S. investment
firm Apollo Global Management APO.N , and local subsidiaries of
Italy's Intesa Sanpaolo ISP.MI and Russia's Sberbank
SBER.MM .
Unior, which has almost 4,000 employees, exports 95 percent
of its metal products, mainly to car factories. It also has a
tourism division which accounts for 13 percent of its revenue.
Slovenian Sovereign Holding (SDH), a state-owned firm that
is coordinating privatisations in the country, agreed with three
other mostly state-owned firms in May to put their joint of 55
percent stake in Unior on sale. urn:newsml:reuters.com:*:nL5N1864RL
Unior is one of at least five companies Slovenia wants to
privatise next year with NLB the biggest on the list.
($1 = 0.9582 euros)
(Reporting by Marja Novak; editing by David Clarke)
((Marja.Novak@thomsonreuters.com; +386-1-5058805; Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))
Keywords: UNIOR LOAN/