Thursday, 20th December 2018, Ljubljana
Gorenje divests its subsidiary Gorenje Surovina
Pursuing
its strategy of focusing on the core activity of manufacturing and marketing
domestic appliances, Gorenje Group continues to divest select subsidiaries
active in its non-core businesses. Thus, we signed today with the company Eko
Surovina, owned by the company Rastoder d.o.o., an agreement to sell the
100-percent ownership share in the company Gorenje Surovina and its
subsidiaries.
Gorenje Surovina renders services related
to waste treatment in the territory of Slovenia and, with a partner from the
industry, offers comprehensive solutions to local communities and households
for all types of waste. Along with its subsidiaries Kemis BH (Bosnia and
Herzegovina) and Kemis Valjevo (Serbia), active in collection and processing of
waste and extraction of secondary raw materials, it has over 300 employees. In
the divestment process that took place from early this year and was managed by
VTB Capital, the company Rastoder d.o.o., owned by Izet Rastoder, was selected
as the best bidder for the company.
Izet Rastoder said upon today's signing of the
agreement: "We decided to acquire Gorenje Surovina due to major synergies
with our core activity, especially in the field of packaging recycling. We
intend to continue to develop Surovina and to expand our operations in all
fields that the company is active in."
"We are pleased to see Gorenje
Surovina, which was the largest company in Gorenje's non-core businesses,
remain in domestic ownership, and that it will continue and expand its mission
in the field of ecology. With their waste material collection and recycling
operations, companies like Gorenje Surovina are a key factor both in preserving
a clean environment and in the industry," said Marijan Penšek, executive
director of the business area Ecology, Trade, and Industrial Services at
Gorenje.