Istrabenz

Istrabenz was one of Slovenia's largest holding company, with a total of 73 companies under its management. In 2024 it was merged into its parent company Slovenian State Holdings (SDH).

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.[1]

Istrabenz financed the growth of Openad until the holding ran out of cash in 2008.[2]

From 2002 to 2009, the company was headed by Igor Bavčar, Slovenia's former interior minister.[3] In September 2009, Igor Bavčar was detained on suspicions of corruption and money laundering while he was head of Istrabenz.[4]

In July 2010, Istrabenz sold major food manufacturer Droga Kolinska to Atlantic Grupa for €382 million.[5][6]

In September 2015, Istrabenz sold the Kempinski Palace Portorož for $25 million.[7] In March 2016, Istrabenz Turizem sold the Grand Hotel Adriatic in Opatija to Croatian company Teri-trgovina as part of a disinvestment program.[8]

In June 2016, Istrabenz sold the remaining 51% it held in Istrabenz plini (gas subsidiary) to Italian Siad (company).[9]

In September 2024, SDH announced that Istrabenz would merge with Istrabenz, which had reported losses for several years before. As part of the merger, SDH took over 50% of the shares of Adriafin.[10][11][12]

External links

• Company website