Friday, 26th April 2019, Ljubljana
Divestment process of Gorenje Surovina completed
Consistently with our strategy of
focusing on our core activity of manufacturing and marketing of domestic
appliances and divestment of select companies from our non-core business area,
Gorenje signed in December last year a sale and purchase agreement for the
company Gorenje Surovina and its subsidiaries. With fulfilment of all
suspensive conditions and transfer of the acquisition price, the sale and
purchase process with the company Eko Surovina was successfully completed
today.
Hence,
as of today, the company Eko Surovina, a part of the company Rastoder d.o.o.,
is the new owner of Gorenje Surovina and its subsidiaries Kemis–BH (Bosnia and
Herzegovina), Kemis Valjevo (Serbia), Gorenje Surovina RECE (Slovenia), and
Gorenje Surovina RECE (Croatia). The said company was selected as the best
bidder in the sale process conducted last year. With the fulfilment of suspensive
conditions that included obtaining consent by competition protection agencies
in Slovenia, Bosnia and Herzegovina, and Serbia, and with the receipt of the
purchase amount, the sale process was officially completed today.
Gorenje
Surovina renders waste treatment services 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
active in collection and processing of waste and extraction of secondary raw
materials, it has over 350 employees.
As noted by Izet Rastoder, the owner
of the company Rastoder d.o.o., upon signing of the agreement, he intends to
further develop Surovina and expand its activities in all fields of its
operations, since the decision to acquire Surovina was based on many synergies
with Rastoder's own core activity, especially regarding packaging processing.
Today's transaction
is an important part of Gorenje d.o.o. divestments planned for this year. We
have recently divested our shares in affiliated companies Gorenje Projekt d. o.
o. and GGE Netherlands. Focusing on the core activity and divestment of
non-core businesses remain our strategic policy that we shall continue to
pursue in the future.