Intereuropa Relaunches Merger Bid

Wednesday, January 24, 2001
Slovenia's largest shipping firm Intereuropa is relaunching a bid to merge with the country's only port operator Luka Koper following last October's change of government. The two companies first planned to merge last year but called off the deal in April because the-then government was demanding the right to veto management decisions in the new firm. The Slovenian government owns 51 percent of Luka. "Slovenia is getting closer to membership of the European Union and we believe the present government will support the merger," said Radovan Vrabec, deputy director of Intereuropa. He said the merger, which Intereuropa hoped to complete this year, would enable the two companies to expand their logistics network and improve competitiveness ahead of joining the EU. The new government of center-left Prime Minister Janez Drnovsek has made preparations for EU membership a key goal. Slovenia hopes to join the EU in 2003. Vrabec said Intereuropa expected to report 2000 net profit of some $8.9 million, slightly below 1999's numbers. – (Reuters)
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Hoegh LNG's Bond Issue

Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020.

NordLB Back to Profit

Although the crisis is not over in all segments, Germany's second-largest marine lender, Nord LB, said its shipping loan portfolio turned a corner in the first

Navios to Expand Fleet with Two VLCCs

Monaco-based tanker owner and operator Navios Maritime Midstream Partners (NAP) plans to launch syndication of a USD 205 million Term Loan B to finance the purchase

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1041 sec (10 req/sec)