Adria set for capital injection

Tuesday, January 12, 2016

The Slovenian government plans to inject about three million euros into Adria Airways, the "Delo" newspaper reports today, citing unofficial sources. It will receive an additional two to five million euros from a German private investment fund, possibly 4K Invest or Callista Private Equity. Adria Airways was not available for immediate comment, nor was the Slovenian Sovereign Holding (SDH), the state investment fund in charge of privatisation and managing state assets. In July last year, SDH called for expressions of interest into buying 91.58% of Adria. In October it said several parties had shown interest. Next Tuesday, a key vote is scheduled to take place concerning an eight million euro capital hike. The company is likely to be sold via the capital increase.