Sale and Purchase Agreement for 91.58% Shareholding in Adria Airways Signed
Following successful negotiations, on behalf of the Republic of Slovenia and on their own behalf, Slovenian Sovereign Holding, together with Bad Asset Management Company, signed a Share Purchase and Sale Agreement for 91.58 % shareholding in Adria Airways. The Contract includes a capital increase by the Republic of Slovenia in the amount of EUR 3.1 million and a capital increase by the buyer, 4K Invest, in the amount of EUR 1 million, and a purchase price for SSH, RS and BAMC in the amount of EUR 100,000.00 EUR. 4K Invest, one of the leading turnaround specialist in Europe, in addition to the paying-up of capital, will provide for the viability and the development of the Slovenian national airliner, and enable other long-term positive impacts.
Zg. Brnik, 21. 1. 2016