Istrabenz

Istrabenz is a Slovenian holding company, one of the largest in Slovenia with a total of 73 companies under its management.

Istrabenz
Typepublic company
IndustryConglomerate
Founded1948
HeadquartersKoper, Slovenia
Key people
Igor Bavčar, CEO
Revenue US$941 million (2007)
Number of employees
4,722 (2007)
Websitewww.istrabenz.si

Activities
  • Food (24 companies): Droga Kolinska d.d., Grand Kafa AD Beograd, Štark AD Beograd, Palanački Kiseljak AD Smederevska Palanka
  • Investments (10 companies)
  • Tourism (8 companies): Istrabenz Marina Invest d.o.o., Istrabenz Turizem d.d. Portorož, Marina Koper d.o.o., Istrabenz Hoteli d.o.o. Portorož, Imperial Palace d.o.o.
  • Energy (18 companies): Instalacija d.o.o. Koper

History

Istrabenz entered the Ljubljana Stock Exchange in 1997.[1]

Istrabenz financed the growth of Openad until the holding ran out of cash in 2008.[2]

From 2002 to 2009, the company was headed by Igor Bavčar, Slovenia's former interior minister.[3] In September 2009, Igor Bavčar was detained on suspicions of corruption and money laundering while he was head of Istrabenz.[4]

In July 2010, Istrabenz sold major food manufacturer Droga Kolinska to Atlantic Grupa for €382 million.[5][6]

In September 2015, Istrabenz sold the Kempinski Palace Portorož for $25 million.[7] In March 2016, Istrabenz Turizem sold the Grand Hotel Adriatic in Opatija to Croatian company Teri-trgovina as part of a disinvestment program.[8]

In June 2016, Istrabenz sold the remaining 51% it held in Istrabenz plini (gas subsidiary) to Italian SIAD.[9]

References
  1. "Elements acquires debt claims of Istrabenz Holdings". Elements-capital.com. June 2015. Retrieved 2016-07-06.
  2. Andrew Cave (5 November 2014). "How Business Leaders Can Use Fatigue And Depression To Their Advantage". Forbes.com. Retrieved 2016-07-06.
  3. Primož Cirman (31 March 2009). "Maratonska seja zaključena: Igor Bavčar odstopil z mesta predsednika uprave Istrabenza". Dnevnik.si (in Slovenian). Retrieved 2016-07-06.
  4. Sukhpreet Manchanda (9 September 2009). "Slovenian police detain two former managers on corruption charges". Topnews.in. Retrieved 2016-07-06.
  5. Neil MacDonald (6 December 2010). "Profile: Atlantic Grupa". Ft.com. Retrieved 2016-07-06.
  6. "Droga Kolinska je last hrvaškega Atlantic Grupa". Mladina.si. 1 July 2010. Retrieved 2016-07-06.
  7. "Portoroški hotel Kempinski prodan za 25 milijonov evrov". Rtvslo.si (in Slovenian). 11 September 2015. Retrieved 2016-07-06.
  8. "Slovenia's Istrabenz unit completes sale of Grand Hotel Adriatic Opatija to Croatian company". Seenews.com. 29 March 2016. Retrieved 2016-07-06.
  9. "Istrabenz offloads gas subsidiary". Sta.si. 13 June 2016. Retrieved 2016-07-06.


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