Žito Privatisation started
The privatisation of Žito, one of Slovenia’s biggest food companies, has been launched as a consortium of shareholders led by the Slovenia Sovereign Holding (SSH) issued an invitation for bids for a 51,55% stake in the company. Bidders have until 31 October 2014 to submit indicative offers, followed by a second round of binding offers upon the completion of due diligence, according to the tender papers.
The combined majority stake is being solg by the SSH (12,26%), the state-owned Modra zavarovalnica (14,9%) and several private asset management firms and mutual FUNDS.
Žito is a major player in Slovenia and in SouthEast Europe in the bakery, pasta, spices, tea and rice segments. It is one of the 15 state-owned companies slated for privatisation.