Slovenia’s Intereuropa Group announced on Friday that a group of banks has signed an agreement with Posta Slovenije for the sale of 72.13% of all shares of the logistics group to the state-owned postal services operator. The sellers of the shares – SID Banka, Nova Ljubljanska Banka, Gorenjska Banka, Nova KBM, SKB Banka, and Banka Intesa Sanpaolo have also informed Intereuropa that the shares will be transferred to the buyer following the fulfilment of certain suspensive conditions, the company said in a statement.
These conditions include a decision from the Slovenian competition protection agency on the compliance of the transaction with competition rules, and confirmation that the buyer will then publish a takeover bid for the purchase of the remaining shares of Intereuropa.
According to Slovenian media reports, Posta Slovenije will acquire 72% of the share capital of Intereuropa for EUR 105 million (USD 118.4 million). Posta Slovenije has committed to assume a 70 million debt of Intereuropa and expects to close the transaction in the coming months, news daily Vecer reported last week.
The acquisition of Intereuropa is in line with the business plan of Posta Slovenije, which faces a decline of the classical postal business, and expects to increase its revenue via the purchase of Intereuropa. In 2018, the Koper headquartered transport and logistics company reported EUR 160.4 million in sales revenue, an increase of 7% relative to 2017 and 2% higher than planned. Companies in Slovenia generated more than two thirds of the Group’s total sales revenue.
Facts and figures Intereuropa GroupEmployees: 1,327
Total warehousing area: 223,000 m²
Total land area: 1,66 million m²
Own branch network: Slovenia, Croatia, Montenegro, Bosnia and Herzegovina, Serbia, Kosovo, North Macedonia, Albania and Ukraine
