SSH tried to sell its stake in several companies, among them Telekom and Cinkarna Celje, but couldn’t find any buyers. Foto: Reuters
SSH tried to sell its stake in several companies, among them Telekom and Cinkarna Celje, but couldn’t find any buyers. Foto: Reuters

In January, SSH asked the government for a capital injection, claiming that it was running out of money for denationalization claims. While the Slovenian Sovereign Holding controls a broad range of assets, it can't sell its stake in a number of state-owned companies, e.g. Krka, Petrol, and Sava Re, since these companies were designated as strategic by the government.

Moreover, SSH tried to sell its stake in several companies, among them Telekom and Cinkarna Celje, but couldn't find any buyers. The custodian of state assets is now issuing bonds and taking out loans in order to be able to pay its claimants. SSH is currently 400 million euros in debt.

The government has also approved a €50m recapitalization plan for Slovenia's bad bank (BAMC). BAMC needed a capital injection because it absorbed two liquidated banks, Probanka and Factor banka.

Maja Derčar (Radio Slovenia); translated by D.V.