“Mariborska Livarna wants a brand new proprietor and the doorways of [current owner] SDH are open to any investor,” Han mentioned throughout a go to to the manufacturing unit of Mariborska Livarna on Wednesday, based on an announcement by the Slovenian authorities.
Earlier this week, Slovenian media reported that German holding firm Mutares has withdrawn from the potential buy of Mariborska Livarna, leaving the Maribor-based group on the point of insolvency.
In line with the Slovenian authorities, Mutares withdrew from the deal as a result of the financial system ministry couldn’t present a 12 million euro ($12.8 million) state subsidy requested by the German firm underneath the nation’s Funding Promotion Act. The financial system ministry declined to fulfill the request as a result of it can not co-finance takeovers underneath the Act.
On Wednesday, the Slovenian authorities acknowledged that it can not present help to Mariborska Livarna as a result of the European Union’s regulatory framework units a ten-year deadline for the re-granting of help, and this deadline has not but elapsed.
Mariborska Livarna, dealing with difficulties stemming from the Covid-19 pandemic, provide chain disruptions, the power disaster, and declining automotive manufacturing in Europe, has been granted a complete of 13.3 million euro in direct state help, disbursed in numerous installments since 2009, with the latest installment being supplied in 2020.
Mariborska Livarna recorded a lack of 3.6 million euro in 2022, which was lined by its sole proprietor, Slovenian sovereign holding firm SDH, by a capital discount.
