Slovenia marked profit from privatization of winning state companies
Slovenia signed a contract for the sale of the Helios Company – a leading paint manufacturer for Southeast Europe and the first state-owned company that is to be privatized. The idea is funds to be provided for stabilization of finances. 73 percent of state-owned shares have been sold to an Austrian company that paid EUR 520 per share, which gives an overall value of the Ljubljana-situated company to the tune of EUR 145 mln. The parliament of Slovenia has approved the privatization of 15 state-owned companies, Telecom Slovenia included, aiming to stabilize and solve the problem in the bank sector.