Business News

Investors Sought for Majority Stake in Alpetour

Kranj, 19 October (STA) - The three biggest owners of Alpetour, which hold a combined 59.21% stake in this public transportation company, are looking to sell the stake to a strategic investor who would be ready to continue to develop the successful company.

The management of the Kranj-based Alpetour received at the beginning of this week a notification from bank Banka Celje, holding Modra linija and Alpen Invest that they should continue with the procedure of the sale of the majority stake to strategic bidders.

Alpetour chairman Ivanka Zupančič Gaber has told the STA that the owners did not reveal the names of potential investors. She said the company wanted a strategic investor that would continue running the company in the set direction.

Alpetour is doing well despite the economic crisis. In the first half of the year, the parent company generated EUR 9.1m in sales revenues, up 3% year-on-year, and posted a EUR 1.1m net profit, what is 55% more than in the same period last year.

The group meanwhile generated EUR 16.4m in sales revenues and EUR 1.8m net profit, which is an increase of 3% and 45% year-on-year, respectively. All results are better than planned.

The group employing 450 people, of which 308 work in the parent company, has been trying to streamline its business. "We are paying attention to all of our activities and we are taking adequate measures in all fields, from maintenance to tourism," said Zupančič Gaber.

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