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Istrabenz

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Istrabenz
Company typepublic company
IndustryConglomerate
Founded1948
HeadquartersKoper, Slovenia
Key peopleIgor Bavčar, CEO
RevenueIncrease US$941 million (2007)
Number of employees4,722 (2007)
Websitewww.istrabenz.si

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

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.

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

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

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

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

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

References

  1. "Elements acquires debt claims of Istrabenz Holdings". Elements-capital.com. June 2015. Archived from the original on 2017-01-08. 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.

External links


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