Luka Sees Intereuropa Merger In July

Tuesday, January 11, 2000
The merger between Slovenia's port operator Luka Koper and shipping firm Intereuropa is expected to take place on July 1, according to Luka Koper officials. The new firm will be called Globalni Logisticni Servis (GLS). Most issues related to the planned merger were resolved at a recent meeting of Luka and Intereuropa with government representatives, officials said. The issues included transfer of the state's shares in Luka to GLS and lease of state-owned land used by Luka. The state would have a 35.7 percent stake in GLS, compared with 51 percent now. The final decision on the merger will be made at shareholders' meetings of both companies, probably in April.
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