Adria Airways (Ljubljana) has officially been put up for sale after the Slovenian government issued a request for Expressions of Interests (EOI) in a majority stake in the carrier on Wednesday, July 1. This is the former Yugoslav Republic's second attempt at privatizing the airline after a previous one in 2012 failed to garner any viable responses.
Ljubljana said in a statement that state-controlled enterprises including the Slovenian Sovereign Holding (Slovenski Državni Holding - SDH), the Bank Asset Management Company (Družba za Upravljanje Terjatev Bank - DUTB), and the PDP restructuring firm (Posebna Družba za Podjetniško) are all considering selling their combined 91.58% stake in the carrier by way of a joint sale transaction.
"Adria represents a unique opportunity to acquire a European national air carrier with global reach and a well-known brand," it said.
KPMG has already been appointed to act as the sale's sole financial advisor.
In May, Adria's pilots announced they would approach local bank, Delavska hranilica, over a loan that would allow them to acquire a controlling stake in the carrier.
