January 27 (SeeNews) - Slovenia's government is urging the country's sovereign holding company, SSH, to execute its pre-emption right on the 43.2% stake in tourism group Sava put up for sale by Luxembourg-based York Global Finance Offshore BDH, economy minister Zdravko Pocivalsek said.
"As a minister, I will insist on SSH using its pre-emption right within its possibilities, under competitive conditions, and within its economic potential," Pocivalsek said in a video file posted on the website of public broadcaster RTV on Wednesday.
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Last week, Slovenian media reported that York Global Finance Offshore BDH is in talks for the sale of its 43.2% shareholdings in Sava to Hungary's Diofa Asset Management and speculated that SSH may also sell its 18.7% stake to the Hungarian company.
The media reports prompted immediate reaction from SSH, which represents the state's ownership interest in more than fifty companies. SSH said it is not negotiating the sale of its stake in Sava Group, nor has it been notified of any talks held by York.
In the first half of 2021, SSH held non-binding talks on the acquisition of York's stake in Sava, the sovereign holding company said. The talks stalled because the parties did not agree on the terms of a deal and because the situation in the industry was very uncertain, SSH explained.